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The Philippines and Sweden have agreed to deepen cooperation in sustainable mining and critical minerals development, aligning the country’s push for responsible resource management with Sweden’s expertise in green technology and circular economy practices.
The Department of Environment and Natural Resources (DENR), led by Secretary Raphael P. M. Lotilla, hosted Swedish Ambassador Anna Ferry and her delegation during a recent courtesy meeting at the DENR Central Office in Quezon City.
Joining Secretary Lotilla were Undersecretaries Jonas R. Leones and Carlos P. David, along with Assistant Secretary and concurrent Mines and Geosciences Bureau (MGB) Officer-in-Charge Director Michael V. Cabalda. The Swedish side included Trade Commissioner Johan Lennefalk, Senior Trade Promotion Officer Giselle Yap, and Jayne Yang of Business Sweden.
Focus on sustainable and responsible mining
According to the DENR, the dialogue focused on key areas of cooperation, including sustainable mining, critical minerals development, circular economy, and water resource management.
The discussions covered ways to strengthen environmental and social standards in mining operations, improve waste management, and promote responsible sourcing and value addition for minerals essential to the global energy transition.
The meeting also explored opportunities for research collaboration, technology transfer, and capacity-building to support the Philippines’ transition toward a low-carbon and climate-resilient economy.
Policy reforms and new mining law developments
The strengthened bilateral cooperation comes as the Philippines undergoes significant reforms in its mining sector. Earlier this year, Congress ratified the Enhanced Fiscal Regime for Large-Scale Mining Act, which seeks to establish a standardized fiscal framework for all large-scale mining operations, regardless of agreement type.
The measure, ratified by the bicameral conference committee in June 2025, simplifies the taxation system and ensures a fair and equitable sharing of revenues between the government and mining contractors. It also removes disparities between Mineral Production Sharing Agreements (MPSAs) and Financial or Technical Assistance Agreements (FTAAs), promoting fiscal transparency and investor confidence.
In another key development, the Supreme Court ruled that local government units (LGUs) cannot impose blanket bans on large-scale mining projects. The Court emphasized that regulatory powers over mining operations remain vested in the national government under the Mining Act of 1995, reinforcing policy consistency across jurisdictions.
Meanwhile, implementation of the Philippine Mineral Reporting Code (PMRC) 2020 continues to strengthen transparency and accountability among mining companies. The PMRC requires periodic disclosures on exploration results, resource and reserve estimates, and environmental performance, aligning Philippine practices with international standards.
Strengthening the critical minerals supply chain
The partnership with Sweden is also seen as a step toward enhancing the Philippines’ role in the global critical minerals supply chain. With growing demand for nickel, copper, cobalt, and other minerals vital to electric vehicles and renewable energy systems, both nations are exploring ways to boost local value addition and sustainable processing capabilities.
Sweden’s experience in low-carbon mining technologies, mineral recycling, and circular economy initiatives is expected to complement the Philippines’ ongoing efforts to modernize its mining governance and promote responsible resource utilization.
A path toward sustainable industrial growth
The Philippines’ engagement with Sweden signals a broader shift in its approach to resource management—from extraction to innovation and sustainability. Through technology partnerships and regulatory reforms, the country aims to develop a mining industry that supports both economic growth and environmental stewardship.
Megawide Construction Corp. has secured two new contracts with Megaworld Corporation to build residential towers in the latter’s township developments.
The multibillion-peso contracts cover civil, structural, and architectural works, as well as MEPF (mechanical, electrical, plumbing, and fire protection). These latest developments add to the numerous projects that both companies have successfully delivered together in the past.
“We are very excited to again work with Megaworld, who has been our long-standing client. Our partnership with them is built on the shared pursuit of sustainability, excellence, and speed-to-market, which have defined both our organizations’ brand and track record. We intend to cultivate this further by providing them products and services that meet their very strict quality and workmanship standards,” said Edgar Saavedra, Megawide President and CEO.
The two projects are Uptown Modern and One Portwood—both residential offerings in Megaworld’s township developments. Uptown Modern is the newest addition to the high-rise residential towers in Uptown Bonifacio, designed with “form and function in mind” and setting “a new standard for modern living.”
One Portwood, meanwhile, is a residential condominium located in Newport City, right across Ninoy Aquino International Airport (NAIA) Terminal 3. It features world-class amenities in a prime location, making it an attractive investment option with strong rental potential and long-term value appreciation.
Megawide will once again leverage its world-class expertise in engineering and construction, anchored on its precast technology and integrated construction solutions. These have been showcased in previous Megaworld projects such as The Worldwide Plaza, Albany Luxury Suites, Newport Link, International Finance Tower, and Gentry Manor, among others.
“Our strategic partnership with Megawide has been built on a foundation of trust, and we applaud the consistent excellence they bring to every project. We are proud to collaborate with a top-tier construction company like Megawide as we turn our vision for our integrated townships like Uptown Bonifacio and Newport City into reality,” said Jennifer L. Romualdez, Megaworld Head of Operations.
The new Megaworld contracts form part of the ₱20 billion worth of projects Megawide has been negotiating to raise its total order book to ₱50 billion by year-end. These include contracts with other clients such as Trans Aire Development Holdings Corporation (a subsidiary of San Miguel Corporation), DoubleDragon, 8990 Holdings, Landers, and Citicore Power Inc.
The Company aims to maintain a healthy mix of residential, commercial, industrial, and infrastructure projects to ensure a balanced, sustainable, and diverse portfolio—providing long-term revenue visibility and business stability.
An interview with Austrade Commissioner Luisa Rust
“Trade and investment ties between Australia and the Philippines are robust and steadily growing, underpinned by strong bilateral agreements and shared strategic interests. Two-way trade is at $10.7 billion in 2024, with the Philippines being Australia’s 20th largest two-way goods and services trading partner. There are over 250 Australian companies operating in the Philippines employing more than 40 thousand Filipinos.”
(Austrade Commissioner Luisa Rust)
Over the past decade and a half, the Philippine mining industry has experienced a dynamic and often turbulent journey shaped by evolving government policies, environmental activism, shifts in global commodity markets, and new technological and economic priorities.  
From 2010 to 2025, the sector has witnessed sweeping regulatory reforms, the rise and fall of major mining projects, highly publicized environmental controversies, and a renewed focus on mining’s role in the green energy transition.  
Your Philippine Resources Journal has witnessed and chronicled these events over the last 15 years, and as we celebrate our anniversary in this issue, this narrative hopes to unpack the key events, policies, and trends that have defined the PH mining landscape during this pivotal period. 
Early 2010s: Industry Ambitions and Rising Tension 
The start of the 2010s saw heightened optimism within the Philippine mining sector. Policymakers promoted mining as a pillar of national industrialization, encouraging value chain development and community-based mining initiatives. The spotlight fell on projects like Xstrata’s Tampakan copper-gold development, which promised to catapult the country into the ranks of leading mineral exporters.  
However, these ambitions quickly ran into strong headwinds. Environmental groups and local communities intensified their campaigns against large-scale mining, culminating in South Cotabato’s enforcement of a provincial open-pit mining ban in 2011, which effectively stalled the high-profile Tampakan project (now under Sagittarius Mines Inc. or SMI). 
National debates over mining’s true social and environmental costs gained traction, with the Senate holding hearings and grassroots campaigns like “No to Mining in Palawan” galvanizing public opinion. 
2012–2015: Regulatory Shift and Industry Slowdown 
In 2012, President Benigno Aquino III issued Executive Order 79 (EO 79), a landmark policy that imposed a moratorium on new mining agreements while calling for stricter environmental regulations and the rationalization of the sector.  
EO 79 signaled a major policy pivot, prioritizing responsible mining practices and environmental safeguards over unfettered industry expansion. The moratorium brought new investments to a halt, and by 2013, the industry’s contribution to GDP had declined, with mining companies facing mounting criticism for pollution, deforestation, and community displacement. 
Despite these headwinds, the sector maintained a degree of resilience. By 2014, metallic mineral production reached ₱138.6 billion, with nickel emerging as the country’s leading export mineral. The mining industry paid ₱21.4 billion in taxes that year and began expanding environmental and social development programs in response to growing scrutiny.  
In 2015, investments rebounded to nearly US$1 billion, and operations at Didipio (under OceanaGold), Toledo (Carmen Copper), and Coral Bay (Rio Tuba) highlighted the sector’s ongoing economic relevance.  
The Philippines also became a candidate member of the Extractive Industries Transparency Initiative (EITI), reflecting a new emphasis on accountability and global best practices. 
2016–2017: The Gina Lopez Era and Heightened Environmental Scrutiny 
A dramatic turning point arrived with the appointment of Gina Lopez as Secretary of the Department of Environment and Natural Resources (DENR) under the Duterte administration in 2016.  
Lopez launched an unprecedented nationwide audit of mining operations, prioritizing ecological integrity and community welfare above industry profitability. Dozens of mines were suspended or ordered closed for failing environmental standards, and a national ban on open-pit mining was imposed.  
The reforms, while applauded by environmentalists and many local communities, sowed uncertainty throughout the industry and triggered a wave of legal and political challenges. By 2017, Lopez’s tenure had resulted in the suspension of five major operations and the closure of 23 others.  
While the value of metallic production remained stable due to global price increases, the industry grappled with regulatory unpredictability and the prospect of further interventions. The DENR also mandated full EITI participation, reinforcing the administration’s commitment to transparency. 
However, Lopez lasted only one year in the post -- and died in 2019 from brain cancer. She was succeeded at the DENR by former military general Roy Cimatu, who continued the Duterte government’s holding pattern on mining. 
2018–2020: Recovery, ESG Emphasis, and Pandemic Disruption 
With Lopez’s departure, the regulatory climate gradually stabilized. Year 2018 saw a rebound in mining production, as the sector deepened its commitments to environmental, social, and governance (ESG) standards in response to both domestic activism and international investor expectations. However, opposition to large-scale mining remained potent, with ongoing protests and calls for stricter oversight. 
By 2019, the moratorium from EO 79 was still in effect, and exploration budgets stayed low. Major projects like Tampakan and Silangan (under Philex) continued to languish in regulatory limbo. The arrival of the COVID-19 pandemic in 2020 dealt another blow, disrupting operations and supply chains. 
Nevertheless, mining still contributed ₱102.3 billion to the national GDP, with nickel maintaining its status as the top export mineral. Notably, Social Development and Management Program (SDMP) funds were redirected to support pandemic relief efforts in mining communities. 
2021–2023: Policy Reversal and New Growth Drivers 
A watershed moment came in 2021, when Executive Order 130 (EO 130) lifted the nine-year moratorium on new mineral agreements, signaling a more investment-friendly posture while retaining environmental safeguards.  
This policy reversal was driven in part by the growing global demand for so-called “green metals” such as nickel and copper, essential for electric vehicles (EVs) and renewable energy technologies. Gold and nickel production surged, and the industry began to recover from years of stagnation. 
In 2022, the government lifted the open-pit mining ban, further encouraging investment. The DENR promoted exploration for critical minerals, and exports soared to US$7.53 billion.  
By 2023, the value of metallic production reached ₱249.7 billion, with 59 operating metallic mines and a strong focus on ESG. The DENR committed ₱387.95 billion to environmental programs, reflecting the sector’s newfound emphasis on sustainability and social responsibility. 
2024–2025: Mining’s Strategic Role in Green Transition 
As President Ferdinand Marcos Jr. took office, mining was explicitly prioritized as a key component of economic recovery and the national energy transition. Policymakers emphasized downstream mineral processing, seeking to capture greater value domestically rather than exporting raw ore. 
The Mines and Geosciences Bureau (MGB) under the DENR projected a strong outlook for the sector, buoyed by international demand for minerals critical to decarbonization. By 2025, mining was recognized as essential to the Philippines’ green technology ambitions. Nickel demand soared in response to the global EV boom, and draft fiscal reforms proposed tiered royalty schemes to balance government revenue with investor appeal.  
The long-stalled Tampakan copper project was once again under consideration for launch in 2026, symbolizing the sector’s renewed confidence and strategic importance in a rapidly changing world. 
Key Trends and Lessons Learned 
Throughout this period, several overarching trends defined the local mining sector. Policy volatility—marked by alternating waves of restriction and liberalization—had profound impacts on investor sentiment and project viability.  
Environmental scrutiny intensified, with audits, suspensions, and ESG compliance becoming central to mining operations, especially from 2016 onward. The industry’s role in the global green transition brought renewed focus on nickel and copper, transforming them into strategic assets. 
Finally, post-2021 reforms and global market dynamics triggered a revival in investment and exploration, as the Philippines positioned itself to supply critical minerals for a decarbonizing world. 
The trajectory of the PH mining industry over the last 15 years illustrates a complex interplay between resource development, environmental stewardship, social accountability, and economic opportunity.  
As the sector looks ahead, its continued evolution will depend on the delicate balancing of these priorities in the face of both domestic challenges and global shifts – and your Philippine Resources Journal will be here, ready to chronicle these changes. 
In December 2024, Antrak Philippines, a prominent project logistics and freight forwarding company, officially embarked on a new chapter following a significant management buyout and a subsequent strategic rebranding.
In February 2024, the company's current local principals successfully acquired full ownership, purchasing all shares previously held by foreign stakeholders, notably Antrak Logistics (Australia), a subsidiary of the French conglomerate Bolloré Logistics. This marked a significant step towards local control and operational autonomy.
Philippine Resources Journal had the opportunity to interview FLS Group Philippines, Inc.’s Vice President, Mr. Fernando Martin Juan de Achaval.
A pioneer in ISO certification in the Philippines and a global leader in lab testing, inspection, and verification, SGS Philippines Inc. takes the lead in helping mining companies comply with a new carbon accounting mandate. 
Randall Evangelista, Business Manager, Industries & Environment – Health & Safety of SGS Philippines, Inc. was one of the guest speakers in Philippine Mining Club Luncheon on July 18, 2025. He is also a Greenhouse Gases Lead Auditor under GHG Protocol & ISO 14064-1:2018.
In his presentation titled “Sustainability: Facets of Carbon Accounting”, he urged mining firms to comply with the new carbon accounting directive.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
