Philippines: Surveyors from China are now in the Philippines to do the first in a series of geochemical mapping of copper and nickel deposits in the country. “We have entered into an agreement with our Chinese counterpart for more scientific exploration. Whatever we will yield maybe used as initial data for the exploration of mining companies,” said Edwin Domingo, director of the Mines and Geosciences Bureau (MGB).
Filipino geologists and engineers are now working with 12 of their Chinese counterparts for the mapping activity that will take three years to complete, according to a memorandum of agreement the MGB signed with China Geological Survey.
The project would focus on what had already been identified as possible nickel and copper deposits in the Visayas and Northern Mindanao and would start in the provinces of Surigao and Agusan. Nickel and copper prices are expected to surge as economies recover from the global recession, fuelling demand while stockpiles are declining across the globe, according to the MGB.