COMP acknowledged the environmental concerns behind the moratorium but argued that the existing legal framework already provides strict environmental safeguards. It cited the Philippine Mining Act of 1995 and various regulations that mandate responsible mining practices.
The Philippine Nickel Industry Association has urged policymakers to reconsider a proposed ban on nickel ore exports, warning that the move could undermine industry growth and deter foreign investment.
Emerging nickel producer DMCI Mining Corp., a subsidiary of the Consunjis’ DMCI Holdings Inc., is set to triple its active mining operations in 2025, transitioning from a single mine in 2024 to three operational mines.