PMEA Blog

The World Bank Group’s International Finance Corporation will invest about CAD 2.1 million in Mindoro Resources Limited to support the company’s nickel exploration project in Surigao del Norte in northeastern Mindanao that is expected to provide jobs and state revenues once a mine is developed.

Mindoro, a Canada based mining exploration company, will use IFC’s investment to explore for nickel in the province’s Agata municipality. Besides the one in Agata, Mindoro has another nickel project in the towns of Mainit and Malimono in the same province, as well as copper and gold exploration projects in Batangas in Luzon.

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