Official statement of PNIA President, Atty. Dante R. Bravo, on behalf of the Philippine Nickel Industry Association on the occasion of the conduct of the DENR Mining Summit on 10 May 2024
As global demand for critical minerals surges amidst the accelerating transition to clean and smart technology, PNIA observes keen interest in the Philippines from potential investors, particularly from the US, European Union, Canada, Australia, Japan, and China,. However, this interest is hampered by unpredictable regulations that impair the mining industry’s competitiveness. This is further evidenced by the Fraser Institute’s 2021 Report, which ranked the Philippines among the top 10 least attractive jurisdictions for investments based on their Policy Perception Index
Additionally, the decision regarding the optimal trading of the Philippines’ nickel resource is multifaceted, contingent upon various factors such as the quality of nickel available, our capacity and capability for processing, target markets or customers for both ore and processed nickel, necessary technology and manpower, speed of innovation, and pricing considerations, all of which necessitate creating an attractive environment for investment. Only through thorough consideration of these elements can we devise strategies to maximize the economic potential and value of Philippine nickel.
Recognizing the complex issues in the Philippine mining landscape and in positioning the Philippines in global nickel trade, PNIA underscores the urgent need for a whole-of-government and whole-of-society approach to harmonize and streamline policy, strategy, and action plan, essential to attract the right investments.
While PNIA has submitted several policy recommendations through our Nickel Initiative advocacy, the eight (8) most vital policy recommendations are as follows:
PNIA reaffirms its unwavering support for the government in accelerating the growth of the mining sector while upholding environmental stewardship and fostering inclusive economic growth for all Filipinos, particularly to empower mining communities to be self-reliant and resilient beyond the end of mine life.
While we have made significant progress compared to the last 10 years, we need to expedite industry development and regulatory reforms for the Philippines to seize valuable investment opportunities and to prevent the country from being left behind.
The recently concluded DENR Mining Summit marks a positive step forward as it fosters open communication between industry and government. PNIA looks forward to continued collaboration and strengthened mechanisms in pursuit of sustainable mining development in the Philippines.
