UPDATE 1-Philippines' Duterte seeks "happy compromise" between environment and mining

Published 07/03/2017, 08:47 pm
Updated 07/03/2017, 08:50 pm
© Reuters.  UPDATE 1-Philippines' Duterte seeks "happy compromise" between environment and mining

* Duterte supports minister on eve of confirmation hearing

* Minister under pressure after closing over half of mines (Adds quotes, background)

By Manolo Serapio Jr

MANILA, March 7 (Reuters) - Philippine President Rodrigo Duterte said on Tuesday he hopes there will be a "happy compromise" between the mining industry and protecting the environment, throwing support once more to an embattled minister who shut half of the country's mines.

Environment and Natural Resources Secretary Regina Lopez

will appear before Congress for her confirmation hearing on Wednesday, and will likely have to defend her decisions on mine closures amid concerns over job and revenue losses.

Lopez is among just a few of Duterte's appointees yet to be confirmed by lawmakers.

The Philippines is the top nickel ore exporter and Lopez's approval would probably sustain worries over supply disruptions that could lift global prices of the stainless steel ingredient.

"I know that we need the dollars but somehow we have to look at the other way," Duterte told an agricultural industry event.

"She has a good case. Hopefully we can strike a happy compromise there," he said.

Lopez, a fiery environmental crusader, last month ordered the closure of 23 of the country's 41 mines and suspended five others to protect watersheds after a months-long review by the environment agency. who last year said the country can survive without a mining sector, has largely backed Lopez's mining crackdown, and did not appear to deviate from his stance on Tuesday.

"You just cannot ignore the cries of Gina Lopez," he said, adding that she has clearly pointed out the environmental harm mining has caused in nickel-rich southern Mindanao island.

"We cannot be allowing digging forever in every nook and cranny of the mountain ranges. It will spell disaster," said President Duterte, also the former mayor of Davao City, the biggest city in Mindanao.

Earlier on Tuesday, Lopez said she had asked Duterte to halt a second review of the 28 mines that she ordered closed or suspended, challenging its legality after first supporting it. GRAPHIC - Philippine mine closures

http://tmsnrt.rs/2kq8ke4 Eco-warrior lays waste to Philippines' mining industry

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.