Marcos seeks development of critical minerals industry
Philippine President Marcos has signed Executive Order 122 to establish a unified policy framework for the country's critical minerals industry. The initiative aims to shift the nation from raw ore exportation to value-added processing for renewable energy and advanced technology sectors.
Why it matters
This policy is a strategic move to integrate the Philippines into the global supply chain for essential materials like nickel and copper, supporting the clean energy transition.
MANILA, Philippines - Malaca ang has ordered the establishment of a critical minerals industry for the country's clean energy transition, digital transformation and advanced technologies.
Under Executive Order 122 signed on Aug. 21, President Marcos created a unified policy framework for the critical minerals industry and reorganized the Mining Industry Coordinating Council (MICC).
Marcos stressed the need to "promote value-added processing and downstream industries, enhance investments and competitiveness, ensure responsible and sustainable mining practices and harmonize government policies and programs."
The secretaries of the Department of Environment and Natural Resources (DENR) and Department of Finance (DOF) were designated as co-chairpersons of the council.
Marcos tasked DENR, through the Mines and Geosciences Bureau, to implement a national exploration and mineral reservation program to identify new critical mineral deposits for industry development.
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