The manager said he doesn't know if the company will reopen or transfer to Zambales province in the northern island of Luzon
Windsor Genova - AHN Writer
Agusan del Norte, Philippines (AHN) - Some 800 workers of a nickel mining firm in a province in southern Philippines lost their jobs.
According to Mindanews.com, SR Metals Inc. (SRMI) acting manager Anthony Ryan Culima said the company was forced to shut down as the low price of nickel in the world market made mining a 148-acre (60-hectare) area inviable.
The company started its business in the La Fraternidad village in Tubay, Agusan del Norte province on March 2006. It employed up to 1,200 workers and loaned money to rent heavy equipment.
The manager said he doesn't know if the company will reopen or transfer to Zambales province in the northern island of Luzon. But Culima said the remaining regular and casual employees of SRMI will still get their salaries and wages.
Agusan del Norte Governor Erlpe John Amante said he will work for the reopening of the mining firm. The mining firm is applying for a government permit to mine a 2,471-acre (1,000-hectare) area in a nearby village. Expanding mining operations may make SRMI's business viable, according to the company.