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DENR outlines new direction in exploration of energy transition minerals for RE market • Jonathan L. Mayuga

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The Department of Environment and Natural Resources (DENR) is looking at a more focused government-led exploration of critical metals needed for renewable energy (RE) transition with the end-goal of encouraging the private sector to invest and boost mining prospects in the Philippines. DENR Undersecretary for Environment and Integrated Science Carlos Primo David issued this statement

The Department of Environment and Natural Resources is looking at a more focused government-led exploration of critical metals needed for renewable energy transition with the end-goal of encouraging the private sector to invest and boost mining prospects in the Philippines.

Representing DENR Secretary Maria Antonia Yulo-Loyzaga, David expressed DENR’s support to the mining industry in terms of governance and regulation, citing the potential of the country’s minerals development sector to be an important player in the global RE transition market. “We wanted to focus that small budget and revive exploration by government. Hopefully, when we do the initial exploration, there is enough information for the private sector to get interested and continue the exploration,” he said.

He said the government, through the Mines and Geosciences Bureau , will also follow up on previously explored areas that were eventually left or discontinued.

 

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