September 6, 2025 | 12:00am
MANILA, Philippines — The Board of Investments (BOI) has partnered with the College of the Philippines (UP) Diliman to work collectively in pushing for the event of the native copper business.
In an announcement, the BOI mentioned it signed with the UP by way of the Division of Mining, Metallurgical and Supplies Engineering (DMMME) a memorandum of understanding and memorandum of settlement to collaborate in areas of curiosity, significantly within the Copper Rod Analysis Mission to handle the hole within the native copper worth chain and assist the event of downstream industries.
Below the agreements, the events will work collectively on a mission for a technical and financial feasibility examine for the institution and enchancment of a neighborhood copper rod casting facility.
The analysis mission known as the Improvement of Copper Rods with Excessive Conductivity and Low Breakability for the Philippine Wire and Cable Business and is supported by a grant from the Division of Science and Know-how – Philippine Council for Business, Vitality and Rising Know-how Analysis and Improvement.
As a part of the signed agreements, the BOI will present non-financial assist within the type of supplies reminiscent of a pre-feasibility examine on a copper wire rod casting plant.
It can additionally provide technical recommendation together with business information and data.
In the meantime, the UP DMMME workforce will put together the technical and financial feasibility report.
To make sure the success of the feasibility report, the DMMME emphasised the necessity for BOI to offer information.
Commerce Undersecretary and BOI managing head Ceferino Rodolfo mentioned the federal government is selling the event of the crucial minerals business because the nation is wealthy in these assets.
Earlier, he mentioned the federal government is specializing in creating and attracting investments in precedence sectors reminiscent of mining, information facilities and semiconductors over the subsequent three years consistent with the purpose to place the nation as a regional manufacturing and providers hub.
