Should the government go ahead with all the recommended shutdowns and suspensions, global supply of nickel will drop by about 8%.
The Philippines Mining News
The move is part of the government's increasing efforts to clamp down on damage caused by the mining industry in the nation, the world's top nickel ore supplier.
Philippines president Rodrigo Duterte tells miners "We will survive as a nation without you" as ministry shuts down three nickel mines in a month.
The local Extractive Industries Transparency Initiative (EITI) ) aims to guarantee the country’s mining sector transparency and accountability.
Zamboanga Sibugay mine turned out unprofitable.
With the exception of Ghana and Cape Verde, which were ranked as “medium risk” in the index published Wednesday, all others were classified as “high risk."