The Nickel Ore Mining Industry on Un-Kodak Zone
The Nickel Ore Mining Industry on Un-Kodak Zone
An Industry Analysis
The picture of the nickel ore mining industry—or the mining sector, in general—is not as impressive as the tourism, construction, and Business Process Outsourcing (BPO) industries. It has been sapped by social problems, which resulted in it being portrayed as a growth dragger rather than a growth driver. The industry players, particularly the large-scale miners, are plagued by complains and riots from natives located in the proximity of mining sites and environmentalists, inhibiting the former to explore the potential grounds and construct mining plants. With this scenario on the backdrop, the question is, is it worthwhile to park your money in a nickel ore mining company?
The answer would be, Yes. This corner argues that despite the criticisms stoned to the local nickel ore mining industry, it has been competitive in the last decade. More importantly, it—together with the government, academe and the society—has solidified its foundation towards its sustainability. On these purposes this industry analysis was written. It has three purposes: 1.) explains the most binding problem that plagues the industry; 2.) illustrates how this problem has affected the industry; and 3.) explains the sustainability condition of the industry.
Snapshot of the Industry
The Philippine nickel ore mining industry as per the 2009 Philippine Standard Industrial Classification (PSIC) covers the extraction of lateritic nickel ore deposits. 1 Lateritic nickel ores2 are surficial, weathered rinds formed on ultramafic rocks, which comprise 73% of the world nickel resources. They are of two types: limonite and saprolite nickel ores. The former contains at least 1.45% nickel mixed in goethite, while the latter contains at least 1.0% nickel incorporated in Manganese-depleted serpentine.3
The industry includes some of the alloyed nickel such as nickel cobalt, ferronickel, cathode, briquettes, pellets,
An Industry Analysis
The picture of the nickel ore mining industry—or the mining sector, in general—is not as impressive as the tourism, construction, and Business Process Outsourcing (BPO) industries. It has been sapped by social problems, which resulted in it being portrayed as a growth dragger rather than a growth driver. The industry players, particularly the large-scale miners, are plagued by complains and riots from natives located in the proximity of mining sites and environmentalists, inhibiting the former to explore the potential grounds and construct mining plants. With this scenario on the backdrop, the question is, is it worthwhile to park your money in a nickel ore mining company?
The answer would be, Yes. This corner argues that despite the criticisms stoned to the local nickel ore mining industry, it has been competitive in the last decade. More importantly, it—together with the government, academe and the society—has solidified its foundation towards its sustainability. On these purposes this industry analysis was written. It has three purposes: 1.) explains the most binding problem that plagues the industry; 2.) illustrates how this problem has affected the industry; and 3.) explains the sustainability condition of the industry.
Snapshot of the Industry
The Philippine nickel ore mining industry as per the 2009 Philippine Standard Industrial Classification (PSIC) covers the extraction of lateritic nickel ore deposits. 1 Lateritic nickel ores2 are surficial, weathered rinds formed on ultramafic rocks, which comprise 73% of the world nickel resources. They are of two types: limonite and saprolite nickel ores. The former contains at least 1.45% nickel mixed in goethite, while the latter contains at least 1.0% nickel incorporated in Manganese-depleted serpentine.3
The industry includes some of the alloyed nickel such as nickel cobalt, ferronickel, cathode, briquettes, pellets,