The issuance of Executive Order No. 122, establishing a national policy framework for the development of the Philippines’ critical minerals sector, comes at an important moment. The country possesses vast deposits of nickel, copper, gold and other minerals essential to electric vehicles,...
SAO PAULO (AP) — The world is increasingly turning to Brazil to explore for rare earth minerals that are crucial for technology and renewable energy. The country 's large reserves are second only to China and have attracted investors, many of them with foreign support. An analysis by The...
The Chamber of Mines of the Philippines (COMP) has thrown its support behind the creation of a national policy framework for critical minerals, which it believes will help enhance the country’s ability to attract mining investments. In a statement on Saturday, Aug. 22, COMP said it welcomes the...
President Marcos has established a national policy framework aimed at developing the Philippines ' critical minerals industry and strengthening government coordination in the mining sector. Under Executive Order (EO) No. 122, the government will pursue the exploration, development, processing,...
Samarkand, UZBEKISTAN — The Asian Development Bank (ADB) has launched a new financing facility to scale up investments in critical minerals-to-manufacturing value chains, as it pushes Asia-Pacific economies to move beyond raw material exports and into higher-value industries. The announcement was...
Groundbreaking for the planned United States (US) economic security zone in the Philippines could take place within the current Marcos Jr. administration, with the project expected to generate hundreds of thousands of jobs once fully developed, Philippine investment officials said. Officials from...
The soon-to-rise United States (US) economic security zone in the Philippines could strengthen the country’s role in global supply chains for semiconductors and critical minerals, potentially moving the local industry beyond its current focus on low-value assembly and testing, according to the...
Six multilateral development banks (MDBs) have launched a coordinated push to develop critical mineral value chains, seeking to move resource-rich economies beyond raw material exports and into higher-value manufacturing as part of efforts to strengthen supply chain resilience. In an April 17 joint...
Developing economies including the Philippines are pressing the World Bank Group (WBG) to help reduce borrowing costs as the economic fallout from the Middle East conflict drives up oil prices, disrupts supply chains, and threatens growth and food security. In an April 16 statement delivered before...
Experts have expressed belief that the Philippines and Canada must work together to develop supply chains for critical minerals in a bid to reduce dependence on other countries amid global developments. During the recent conference organized by Stratbase Institute and the Asia Pacific Foundation...
United Paragon Mining Corp., the gold producer controlled by the Ramos family, agreed to a debt-to-equity conversion that will hand a 13.3 percent stake to the Marsman Drysdale Group as the miner seeks to clean up its balance sheet despite nearly two decades of suspended operations. The company’s...
As part of its bilateral cooperation with the Philippines, the European Union (EU) is set to conduct a scoping study of mineral-rich sites in the country to identify potential sources of critical raw materials, ensuring sustainable utilization of resources and promoting new investment...
