Philippines’ No. 2 nickel miner to appeal canceled permit for undeveloped mine – by Enrico Dela Cruz (Reuters U.S. – December 16, 2016)

http://www.reuters.com/

MANILA – Global Ferronickel Holdings Inc, the Philippines’ second-largest nickel miner, vowed on Friday to appeal an “unlawful” government decision to cancel the environmental permit for its newly acquired Ipilan mining project.

The company said its Ipilan Nickel Corp (INC) unit has not violated any law or condition under the permit, and chided the Department of Environment and Natural Resources (DENR) for making a decision “without procedural due process”.

Concerned at the environmental impact of mining, the world’s top nickel ore supplier has already halted the operation of 10 mines and another 20 face suspension, stoking supply concerns and spurring a rally in global nickel prices.

The DENR on Thursday announced it had canceled the environmental compliance certificates (ECC) of three nickel mines, including INC’s, and that of gold miner United Paragon Mining Corp, for failure to comply with the conditions of the permits.

Environment and Natural Resources Secretary Regina Lopez has also warned that three more nickel producers were at risk of losing their ECCs.

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