The Philippines is considering imposing a ban on unprocessed mineral exports to encourage value addition in the domestic mining sector.

The country is one of the largest nickel-ore suppliers in the world and ships nearly all its production to China, reported Reuters.

Earlier, multiple attempts were taken by the government to promote domestic processing of raw materials but country's the legislative body was unable to enact proper legislation.

Philippines Environment and Natural Resources Undersecretary Maria Paz Luna was quoted by the news agency as saying: “In the long-term, that will help our economy because that will increase the value of the products.

"It is one of the options that has to be considered not only by the DENR (Department of Environment and Natural Resources) but by the entire government.”

"In the long-term, that will help our economy because that will increase the value of the products."

She was speaking to journalists after the meeting with Mining Industry Coordinating Council.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The council is conducting a second review of 28 mines, which were previously ordered to close or suspend all operations by the Environment Ministry to protect watersheds.

In August last year, the proposal to prohibit ore exports was revived to encourage miners to invest in domestic processing plants. Currently, The Philippines has four plants, with two for nickel.

Philippines Finance Secretary Carlos Dominguez told Reuters that this second review which was announced last month will continue even if the appointment of Environment Secretary Regina Lopez is not confirmed by Congress.