The Mines and Geosciences Bureau (MGB) has confirmed that Mineral Production Sharing Agreement (MPSA) 017-93-IV between the government and Ipilan Nickel Corp. (Ipilan Nickel) remains valid until April 10, 2025.
Ipilan Nickel's parent firm, Global Ferronickel Holdings Inc., on Thursday said this would allow the subsidiary to "maintain its exclusive right to conduct responsible mining operations in the municipality of Brooke's Point, Palawan, covering 2,835 hectares, with 260 hectares already partially declared as a mining area."
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