more mines have been recommended for suspension by the Philippines’ Department of Environment and Natural Resources (DENR), as part of its nationwide audit aimed at tackling environmental violations.
mines on which DENR had already asked for a moratorium, most of them nickel operations, after it found they had inadequate mining practices and a lack of proper siltation prevention facilities, were carrying out technical violations, and were not complying with planned social development efforts.
of nickel production in the country will be impacted on account of the mines recommended for suspension, together with those already shut. Philippines is the world's top supplier of nickel ore.
jump in prices on the London Metal Exchange to $10,705 a tonne following the announcement.