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Toledo leads new set of newly-elected COMP officers

The Chamber of Mines of the Philippines (COMP) has elected former Press Secretary and lawyer Michael Toledo as its next chairman, replacing Nickel Asia Corp. chairman Gerard Brimo. COMP is composed of large-scale metallic mines. The group represents the country’s big players in the mining industry. Brimo, who had been at… ....

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Despite EO 130, it may take a while for mining sector to boom


Published April 30, 2021, 8:00 AM
After suffering from major regulatory impediments for nearly a decade, it may take some time before the mining sector of the Philippines, one of the most highly mineralized countries in the world, to recover despite the government’s recent policy decisions that favor the industry.
On Thursday, Chamber of Mines of the Philippines (COMP) Chairman Gerard Brimo said that despite the passage of Executive Order (EO) 130 – which amended EO 79 of the Aquino administration and lifted the ban on new mining projects – the ghost of the nine-year-old ban may continue to spook investors alongside other policy roadblocks that are still in place.   ....

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Philippines sets new round of mining audit, expands coverage


By Reuters Staff
2 Min Read
MANILA, April 29 (Reuters) - The Philippines will review operations of its more than 50 mines in a new round of an industry-wide audit, the government said on Thursday, with coverage expanded to include some nickel projects in a southern province.
The audit, to begin in October, will cover the operations of four mines within the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), which produces mainly high-grade nickel, the finance ministry said in a statement.
The Philippines is the top supplier of nickel ore to China.
In January, its President Rodrigo Duterte ordered a halt to mining operations on Tumbagan Island in BARMM’s Tawi-Tawi province, expressing concern over reports that the area had been “completely devastated” by mining. ....

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