Chamber of Mines Brands Sec. Lopez’ Open-Pit Mining Ban as Absurd

The Chamber of Mines of the Philippines called the new administrative order of the Department of Environment and Natural Resources (DENR) banning open-pit mining absurd, scoring Secretary Gina Lopez for crafting her own rules and warning of a possible energy crisis as coal accounts for nearly half of Luzon’s power requirements. Note, however, that Lopez only banned prospective open-pit mines, not those already existing. Mining giant Philex also expressed concern of the order’s effect on its planned…

Subscribe via email for complete access to Supreme Consult’s weekly report on political and investment risks in the Philippines.