Unearthing hidden riches: Uncovering the wealth of mining in the Philippines

Unearthing hidden riches -Uncovering the wealth of mining in the Philippines (Representational Image)
Unearthing hidden riches -Uncovering the wealth of mining in the Philippines (Representational Image)

The Philippines is a nation with the greatest concentration of mineral resources in the world. Its unchartered reserves of copper, gold, nickel, zinc, and silver are believed to be worth around USD 1 trillion. Of these reserves, just 5 percent have been mined, and only 3 percent are protected by mining contracts. In 2022, the production of metal rose by over 32 percent over the previous year. The entire value of exports from 2020 to 2022 was more than USD 18 billion, or 8.51 percent of all exports from the nation. The Philippines is making sure to follow sustainability in mining. It seeks to achieve a balance between advancing the socio-economic objectives of the government, helping local people, and safeguarding the environment.

Various steps are being taken by mining companies to safeguard the wholesome interest of the nation and one such popular company is Nickel Asia Corporation (NAC). NAC actively supports the initiatives of the Chamber of Mines of the Philippines (COMP) along with the adoption of The Baguio Declaration. The company is eager to support human orientation while safeguarding and improving the environment. Furthermore, it guarantees adherence to international standards, efficiency, competitiveness, and respect for the rights and welfare of indigenous people.

Acknowledging their unwavering commitment towards sustainability, World Business Outlook felicitated them with two coveted awards: Best Sustainable Business Practices Philippines 2023 and Best Mining Company to Work For Philippines 2023.

Setting the gold standard: The paragon of CSR in the Philippines mining industry

When it comes to CSR in the mining industry, Nickel Asia Corporation is leading the way in the Philippines. Their commitment to sustainable mining practices, community development, and environmental preservation sets them apart from other companies in the field.

Their CSR programs are not just initiatives but a testament to their dedication, which earned them the title of Best CSR Program in Mining Industry Philippines 2023. Their efforts have earned them the trust and respect of stakeholders, making them a trusted partner in the mining industry.

Leader who set an example in the mining industry (Representational Image)
Representational Image

Leader who set an example in the mining industry

Martin Antonio G. Zamora has dedicated his career to the mining industry and has been associated with Nickel Asia Corporation. His visionary leadership has played a pivotal role in the transformation of Nickel Asia Corporation into one of the leading mining companies in the Philippines. As the CEO, Zamora has placed a strong emphasis on sustainable mining practices. He firmly believes in the responsible stewardship of natural resources and prioritizes environmental conservation.

Under his guidance, Nickel Asia Corporation has implemented various initiatives to minimize the ecological impact of mining operations. Zamora’s strategic vision has been instrumental in driving the growth and success of NAC. By identifying emerging market trends and leveraging innovative technologies, he has positioned the company as a frontrunner in the mining industry. Standing as a beacon of excellence and leadership – Martin Antonio G. Zamora has been recognised as CEO of the Year in Mining Industry Philippines 2023 by World Business Outlook. He continues to inspire and lead the way for a prosperous and responsible mining future, leaving behind a legacy that will be remembered for years to come.

Blog by Tamanna Shaikh