Berong Nickel Corp., a subsidiary of DMCI Mining Corp., has recently secured an additional P50 million to fund the rehabilitation of its nickel mine in Palawan, emphasizing the management of rising fuel costs. The company is on track with its six-year rehabilitation plan, which aims to restore 343 hectares for potential eco-tourism and agroforestry projects.
The rehabilitation efforts at the Palawan mine have been progressing at a promising pace, with over three-quarters (77%) of the work completed within a four-year timeline. The project has incurred expenses of P80 million from an allocated budget of P130 million. The additional funds are considered necessary due to the impact of fuel price hikes on operational costs.
In related news, Zambales Diversified Metals Corp. (ZDMC), another entity under DMCI Mining, has achieved significant growth in its nickel production following the receipt of an Environmental Compliance Certificate in January, which allowed for expanded production capacity. ZDMC recorded an impressive annual production surge by more than four-fifths (83%) and a quarterly increase of almost one-third (28%). Moreover, ZDMC was honored with its inaugural Presidential Mineral Industry Environmental Award (PMIEA) for sustainable mining practices.
The Berong mine's operational history, which spanned fifteen years from 2006 to 2021, not only generated over 1,600 jobs but also made substantial fiscal contributions through mining duties and taxes. This year alone, the mine accomplished significant land rehabilitation targets, completing 88% within just six months.
The strategic initiatives undertaken by DMCI Mining and its subsidiaries highlight their commitment to responsible mining practices and sustainable growth within the industry.
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