• 4 minute Hey Oil Bulls - How Long Till Increasing Oil Prices and Strengthening Dollar Start Killing Demand in Developing Countries?
  • 8 minutes Could oil demand collapse rapidly? Yup, sure could.
  • 15 minutes Oil and Trade War
  • 3 hours Could oil demand collapse rapidly? Yup, sure could.
  • 11 hours Migrants: Italy Wants EU Border Agency In Africa, Not At Sea
  • 8 hours Are EVs Safer Than Combustion Engine Vehicles?
  • 5 hours What If Canada Had Wind and Not Oilsands?
  • 7 hours WE Solutions plans to print cars
  • 7 hours Russia, Saudi Push For Big Hike In Oil Output Despite Iran Opposition
  • 7 hours Oil prices going down
  • 12 hours Nopec Sherman act legislation
  • 11 hours Sell out now or hold on?
  • 14 hours The Irrelevance Of BTU Rating - Big Oil's Gimmick To Hoodwink The Public
  • 16 hours China & India in talks to form anti-OPEC
  • 18 hours Sabotage at Tesla
  • 14 hours After Three Decade Macedonia End Dispute With Greece, new name: the Republic of Northern Macedonia
  • 13 hours Trump Hits China With Tariffs On $50 Billion Of Goods
  • 6 hours Oil and Trade War
  • 6 hours Australia mulls LNG import
Alt Text

Is Brazil The Next Big Platinum Frontier?

The geology of both the…

Alt Text

This Crucial Commodity Continues To Rally

After rallying more than 90%…

Alt Text

Supervolcanoes Could Drive The Electric Car Boom

Supervolcanoes could hold the key…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Trending Discussions

Mining Crackdown In The Philippines Could Be About To End

Mining

I wrote a few weeks back about cracks appearing in the Philippines’ government war on mining.

And yesterday, the anti-mining movement suffered a major blow. With controversial Environment Secretary Regina Lopez getting removed by the country’s top lawmakers.

The federal government’s Commission on Appointments failed to confirm Lopez in her position as top regulator for mining in the country. A role she’d been serving in for 10 months already — due to government procedures that take months for confirmation hearings to be completed after appointments are made.

Lopez will now be immediately removed from her position in overseeing mining. Bringing an apparent end to a rollercoaster period in the Philippines mining sector, which saw a massive crackdown on operations across the country.

Even Philippines’ president Rodrigo Duterte — who initially appointed Lopez, and was a vocal supporter of her anti-mining policies — said he will respect the decision not to confirm her.

The question now is: what will happen to Lopez’s previous decisions on mining policy? Including closure orders for 22 of the country’s 41 operating mines, as well as an announced ban on any new open pit operations.

The Philippines Chamber of Mines said it will immediately seek to have these measures nullified. With mining leaders noting that the dismissal of Lopez underscores the fact many of her decisions were made with no legal basis.

Of course, there’s the possibility that a new mining opponent could be appointed as her replacement. But she herself said the incoming secretary will face major difficulties going against the mining industry. Related: Saudi Power Struggle Could Destabilize The Entire Middle East

All of which suggests things may get back to near normal for production and development here. A fact that caused nickel prices to fall 3 percent in the wake of the news — as investors bet this former world-leading producer could now ramp up supply again.

Watch to see who is appointed to replace Lopez. If the new secretary is more mining friendly, we could see Philippines projects coming back to life — with knock-on implications for nickel, copper and gold supply.

Here’s to having a good run.

By Dave Forest

More Top Reads From Oilprice.com:


x


Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News