Developed economies pledge support to Phl mining sector

Wealthy economies have pledged to ramp up their support for the Philippines’ efforts to revitalize its mining industry.

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During a recent mining conference co-organized by the Department of Environment and Natural Resources and international think tank Stratbase Institute, the ambassadors of Japan, Australia, Canada and the European Union extended a helping hand to the Philippines’ mining industry

Japanese Ambassador Endo Kazuya underscored the importance of the import and export of critical materials in the economic relationship between Japan and the Philippines. Japan is a major importer of minerals from the Philippines, notably nickel, copper,and iron.

“As the price of critical minerals, including nickel, could be volatile, a stable business environment is essential. And I would like to thank the government of the Philippines for its continuous support for maintaining such an environment,” Kazuya said.

“By working together to address challenges and opportunities in the mineral trade, Japan and the Philippines can further enhance our strategic partnership and contribute to the growth of our respective industries.”

He also expressed Japan’s interest in exploring the Philippines’ proposal for a joint geological survey to assess the potential of mineral resources in the country.

Australian Ambassador Hae Kyong Yu also expressed her country’s interest in bolstering its critical minerals strategy through collaboration with like-minded countries such as the Philippines.