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Philippines Shuts More Nickel Mines on Environment Crackdown

  • Berong Nickel operations in Palawan suspended, Jasareno says
  • Goldman predicts prices will climb to $12,000 in six months
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The Philippines suspended the operations of Berong Nickel Corp., adding to the list of miners that the government has shuttered for failing to meet environmental and welfare standards, the mines bureau said.

Mining in the Autonomous Region in Muslim Mindanao in the south of the country has also been halted as authorities start to review company permits, according to the Philippine Daily Inquirer on July 15, citing an order from the Department of Environment & Natural Resources in the region.