Mining industry seen growing in 2020 on Indonesia export ban

By: Vincent Mariel P. Galang

THE Mines and Geosciences Bureau (MGB) said it is projecting the mining industry to grow next year, factoring in the priority mining projects in the pipeline, as well as increased prices for nickel ore due to the export ban in place in Indonesia, the top producer.

“Personally, positive ang outlook ko (my outlook is positive). Una (First), we have signs, like yung ating mga (that our) priority projects that are going to proceed to developmental and commercial extraction,” MGB Director Wilfredo G. Moncano said in news conference.

He cited projects like the Silangan Copper-Gold Project of Philex Mining Corp. in Surigao del Norte, and the Balabag Gold-Silver project of TVI Resources Development (Phils.), Inc. (TVIRD) in Zamboanga del Sur.

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