Remittances

The Supreme Court's decision to nullify the mining ban in Occidental Mindoro creates a "more secure" investment climate for the industry, removing uncertainty caused by local bans, a nickel industry group said.

- By JASPER EMMANUEL ARCALAS

The Philippine Nickel Industry Association (PNIA) hailed the SC's recent landmark decision to nullify the 25-year mining ban imposed by the province of Occidental Mindoro.

"This ruling holds profound significance not just for the mining sector, but also for maintaining the delicate balance between local government authority and national laws," the group said.

"We commend the High Court's decisive stance in upholding the rule of law, which clarifies the regulatory framework for mining in the Philippines and marks a pivotal step in enhancing the competitiveness of the mining industry while fostering its sustainable development," it added.