trending Market Intelligence /marketintelligence/en/news-insights/trending/ANzREu3VszoDVwqIviGp8g2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Philippines nickel exporter SR Languyan expected to shut mining ops this year

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019

Philippines nickel exporter SR Languyan expected to shut mining ops this year

SR Languyan Mining Corp., the Philippines' top exporter of high-grade nickel ore, is "most likely" to close its mining operations in Tawi-Tawi later this year as ore deposits have almost been depleted, Reuters reported Aug. 16, citing Jaynul Ali Sambarani, head of mines and geoscience services at the Environment and Natural Resources Ministry.

The shutdown is expected to decrease the Philippines' exports of nickel ore to China by 300,000 to 400,000 tonnes per month, according to estimates by the Mines and Geosciences Bureau.

A global nickel supply crunch has recently pushed the price of the metal to 16-month highs, with top nickel supplier Indonesia planning to ban exports of unprocessed mineral ores from 2022.

Sambarani told the newswire that the company is looking at other prospects in the area but did not give details about 2019 output, exports and stockpiles.