We’ve heard about the likes of BlackRock, Glencore and Morgan Stanley whose leaders met with President Marcos and his economic team in Davos last week, and thereafter signified their intention to
It’s also infrastructure that investment giant BlackRock is interested in. And because it’s Bautista whom they had sought for a bilateral meeting, we can assume that it’s related to transportation, too.
Biz Buzz sources said that the company—Yinglong Steel Corp.—was ordered by the DENR’s Environmental Management Bureau to stop its nickel mining operations in Zambales because it didn’t have a valid environmental clearance certificate. The order comes at an opportune time for the Chinese firm, of course, because nickel prices have been rising steadily in recent months.
To make matters worse, Westchinamin says that Yinglong has yet to settle the P1 billion that the Chinese firm owes it for its mining rights, with several of the checks for the installment payments having allegedly bounced.
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