‘Forcing mineral processing via legislation won’t work’

More from author

Magnolia ends slump at Ginebra’s expense

PAUL LEE and Mark Barroca joined forces down the stretch as Magnolia ended a three-game slump with...

Elite player yields negative result in antigen test

THE Philippine Basketball Association getting a Covid-19 scare is becoming to be a habit inside the Clark...

Public warned against admin case scam

The Civil Service Commission (CSC) warns the public against unscrupulous individuals pretending to be CSC employees/officials.

Current proposals by some sectors to ban the export of unprocessed mineral ores in an effort to boost domestic mineral processing won’t work, mining experts from the academe, government and industry said.

At a forum organized by independent think tank Stratbase ADR Institute, experts from the academe, government and industry discussed the Philippine mining industry in the context of promoting national security through industrialization.

“There is a need to look at the massive mineral potential of the Philippines today more than ever, especially in the context of the Duterte administration’s Build, Build, Build program. Having a conversation with all sectors will help uncover issues and solutions vital to pursuing mining downstream industry development to further our national security interest,” said ADRi President Prof. Dindo Manhit.

Philippine Business for Environmental Stewardship Secretary General Atty Lysander Castillo said: “We recognize the strategic impact of responsible mining in the country’s remote areas not only for job creation but also infrastructure, and all the hospitals and schools that the mining industry actually provides. There are existing local models that performs beyond laws that sets high benchmarks in environmental protection and community development for all mining operations to emulate.”

Ateneo School of Government Dean Dr. Ronald Mendoza presented his study, “Mining through the National Security Lens,” where he cited the lack of viable investments and capacity in processing and strong competition from other countries as among the factors that make the suggested ban counter-productive.

“The United States’ recent policy regarding steel may be an additional complicating factor, and it is well-known that China is shopping around to unload its excess supply of manufactured processed minerals,” he said.

These trends make the environment much more volatile, he added.

He said imitating the mineral-industry models in countries like South Korea, China and Australia is unsound because, unlike the Philippines, these countries have “complete value chains.”

“Markets do not necessarily produce those jumping points and connectivities across these different products on their own. Without government intervention or public sector support, markets will not necessarily lead to the development of industries all the way to the core.”

Adrian Cristobal, Jr., former secretary of the Department of Trade and Industry, said: “It is the market; we cannot legislate that (mandatory processing). Indonesia found out they can’t, even if they passed a law on forced processing.”

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More updates

SMART SOLUTIONS FOR SMARTER BUSINESS | Unleashing the fullest potential of Filipino enterprises

Cortex Enterprise Solutions was built to empower Filipino businesses to be on par with the digital...
- Advertisement -

Petron eyes refinery closure on tax woes

VERY soon, the Philippines could be fully dependent on oil imports as the country’s remaining oil refiner announced Monday the strong possibility of shutting down its Bataan refinery, which supplied less than 30 percent of the country’s total demand last year. Petron Corporation, according to its chairman Ramon S....

Pandemic shows up gaps in GDP metrics in region–Apec unit

THE pandemic has exposed gnawing gaps in the computation of GDP that would require countries in the Asia and the Pacific region to look beyond it, according to the Asia-Pacific Economic Cooperation (Apec) Policy Support Unit (PSU). In a statement, Apec PSU Director Denis Hew said GDP had “blindspots”...

PHL jumps 2 rungs in Asia Pacific economies’ trade poll

THE Philippines has jumped two notches to place eighth among 20 economies in Asia and the Pacific in a survey measuring the capacity to participate in international trade. The country scored 55.9, from 53.8 in 2018, out of 100 in the Hinrich Foundation’s Sustainable Trade Index 2020. As such,...

Palace gives DBM leeway to release Bayanihan 2 funds

THERE will soon be fewer delays in the release of funds under the Bayanihan to Recover as One Law (Bayanihan 2). This after President Duterte delegated the authority of releasing the funds to the Department of Budget and Management (DBM). Presidential spokesperson Harry Roque said Budget Secretary...
- Advertisement -

More updates

Petron eyes refinery closure on tax woes

VERY soon, the Philippines could be fully dependent on oil imports as the country’s remaining oil refiner...

In case you missed it