DMCI To Open Two New Mining Sites In 2024

DMCI Mining Corp. is set to open two new mine sites that will start operations in 2024.

The two new mining sites will create several employment opportunities in the host areas. I Photo: James St. John, Wikimedia Commons

DMCI Mining president Tulsi Das Reyes bared that the first mining site, located in its existing site in Zambales, will be operational in the first quarter of next year. Reyes disclosed that they would spend roughly PHP 250 million to develop the nickel mining site in Zambales.

The company is currently finishing the documentation process, he said.

DMCI’s current site in the province is operated by its subsidiary, Zambales Diversified Metals Corporation. On the other hand, the new mine will be operated by Zambales Chromite Mining Co. and is expected to produce 20 million metric tons.

The other mine site is scheduled to be operational by the second quarter of next year, Reyes said.

However, he admitted that a bigger amount will be needed to fund its operations. "For the second mine, we need a new port and then, site development. It's bigger than the project in Zambales," he added.

Reyes said the two new mining sites will create several employment opportunities in the host areas.

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