Intex welcomes new mine rules
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.
The statement said the firm plans to process ore in a local refinery to produce high-grade nickel.
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However, both Oriental and Occidental Mindoro provinces have separately issued a moratorium banning large-scale mining on the island.
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