Miners say ban on nickel ore exports to hurt local industry READ MORE:
The Department of Trade and Industry earlier proposed to restrict nickel ore exports to institutionalize mineral ore processing and add value to mineral exports.
“Killing the industry will not incentivize investments in value added processing. You promote investments in value added processing by promoting mining investments first—with a stable and predictable policy. If we cannot show protection of mining investments, how can we show protection of investments in value added processing,” he said.
Bravo said more taxes and the proposed ban on nickel ore shipment would disincentivize investors and pull them away from putting in more investments into the local mining industry.
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