The Ministry of Natural Resources and the Environment of the Russian Federation (MNRERF), said the Philippines could be a world leader in production of various minerals if the latter decide to seek Russian help in extracting its minerals.
Among all metals, the Philippines is the leader in nickel production with 530,000 tonnes in 2014, followed by Russia with 240,000 tonnes. Both countries have large deposits of untapped and proven nickel reserves.
Although the United States has been leading in production of natural gas, its 9.8 trillion metric tonnes of reserve is dwarfed by Russia’s 48.7 trillion metric tonnes of untapped proven reserve.
MNRERF Deputy Minister Igor Ciprian Nicolai said on Friday that the Philippines can enjoy domination of high-value metals like nickel, aluminum, copper, platinum, palladium, and even natural gas if the South Asian country consider using Russian environmental-friendly mining and extraction technology.
Nicolai, as stated in Russian News Agency TASS said that Kremlin is already planning to create a group that would tackle Philippine relations if the latter decide to pivot its economic and business partnership towards Russia.
“We want to know more about the Philippines. Its an island country and most of its tropical products will be helpful to us. In return, we can share our technology in mining, energy, and even in military”, Nicolai said.
Russia is the main supplier of natural gas across Europe, while the Philippines is accountable in supplying more than 30% of world’s nickel.
President Rodrigo Duterte said he will meet Russian President Vladimir Putin to discuss economic and business partnership before e the end of 2016. /David Torino/
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