The Philippine Economic Zone Authority (PEZA) is aiming to develop mineral processing economies amid interest from a Canadian firm in green ore processing in the Philippines.
In a report by Manila Bulletin, the urge for mineral processing, according to PEZA Director General Tereso O. Panga, was to parallel Secretary Frederick Go’s goal to enhance the utilization of the country’s raw ores.
Moreover, the interest in mineral processing came after the lifting of the mining moratorium.
Additionally, a Canadian mining firm expressed interest in steel and copper ore processing. The firm had been performing due diligence in the country for almost a year, and Panga explained that the company is in its site selection process and had been working on a concession agreement with local companies.
Following pharmaceutical ecozones, mineral processing was now being evaluated by PEZA as the next investment to assist the government’s goal of being able to participate in the international supply chain for electric vehicles (EVs).
