trending Market Intelligence /marketintelligence/en/news-insights/trending/5ct0OeX4sW5Heh4qYAwP5A2 content esgSubNav
In This List

Philippines cancels environmental permit for Intex Resources' Mindoro project

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023


Philippines cancels environmental permit for Intex Resources' Mindoro project

The Philippine government canceled the environmental permits for four more mining projects, including the environmental compliance certificate for Intex Resources ASA's Mindoro nickel project, as the crackdown on erring mines and companies in the country continues, Reuters reported Jan. 18.

Environment and Natural Resources Secretary Regina Lopez said the nickel mine's proposed location covers a watershed and that the project would damage the environment.

A local Intex staff member declined to make an immediate comment on the matter and told the newswire that the branch is waiting for an official response from the company's headquarters.

Reuters further wrote that the three other canceled permits are for a gold mine, a coal producer and an iron ore-copper project.

The country's review of environmental compliance certificates is a separate probe from the mining audit that started in July 2016 and saw the suspension of 10 mines. The audit's final results are due to be released Jan. 31.