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Intex welcomes new mine rules

/ 10:29 PM July 26, 2012

MANILA, Philippines—The new mining policy of President Benigno Aquino was welcomed recently by mining firm Mindoro Nickel.

In a statement, Norway-based Intex Resources ASA said the new policy was a major step toward responsible use of mineral resources without sacrificing the environment.

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Intex said it has been advocating the same principles that the new mining policy outlined.

It said the company has been avoiding selective high-grade mining that leaves behind lower grade ore.

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The statement said the firm plans to process ore in a local refinery to produce high-grade nickel.

However, both Oriental and Occidental Mindoro provinces have separately issued a moratorium banning large-scale mining on the island.

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TAGS: Mindoro, mining, nickel
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