New Mineral Production Agreement Signed in Palawan
DMCI Mining, through its subsidiary Berong Nickel Corp., has successfully signed a new mineral production sharing agreement (MPSA) with the Department of Environment and Natural Resources for its Long Point property in Aborlan, Palawan. This significant agreement grants Berong Nickel the exclusive rights to explore, develop, and utilize the mineral resources within the extensive 2,177.34-hectare contract area. The MPSA, which is a key framework under the Philippine Mining Act of 1995, has an initial term of 25 years and is renewable for another 25 years. This development represents a major step for the company’s operations in the region, with the agreement officially taking effect upon its formal registration with the Mines and Geosciences Board, signaling a new chapter for DMCI Mining in Palawan.
Commitment to Responsible Mining and Community Growth
In announcing the new agreement, DMCI Mining President Tulsi Das Reyes underscored the company’s commitment to responsible and sustainable development. He stated that the MPSA is not solely about extracting resources but is fundamentally about creating “shared value” with the local communities in Palawan. The company has pledged to work in close collaboration with residents to ensure that development progresses in tandem with environmental stewardship and fosters inclusive growth. This commitment is guided by the same high standards that have shaped the company’s operations and its ongoing rehabilitation efforts at the Berong mine in Quezon. By prioritizing ethical practices and community engagement, the company aims to demonstrate that modern mining can be both profitable and beneficial for local environments and populations.
Project Timeline, Economic Impact, and Investment
Berong Nickel has already made a substantial investment of approximately P1 billion in the Long Point project since 2024, a clear indication of the company’s commitment to the venture. These funds have been strategically deployed for essential exploration activities, covering pre-operating costs, developing crucial port infrastructure, and expanding its operational fleet. The project, which has an environmental compliance certificate for an annual production capacity of 1 million wet metric tons, is on track to begin operations by the fourth quarter of this year. This initiative is also expected to have a significant positive economic impact on the region, with the creation of over 1,000 jobs. The company has stated its intent to prioritize hiring local residents and indigenous individuals from surrounding communities, ensuring that the project directly contributes to the economic well-being of the people of Palawan.
