Dormancy programme starts at BCL

The programme is necessary after investigations into the status of the Mine revealed that spending much money on care and maintenance was not viable. This is because the mine’s assets are no longer in good condition to continue being kept under care and maintenance as no potential buyer would be able to start operating the mine as it is.  The dormancy programme is expected to reduce the care and maintenance cost that has been reaching P30 million to a lower amount.

“This simply means we are putting BCL on life support or a controlled comma and we must be prepared for BCL to be in dormancy for a longer period because as global resources for copper are dwindling, we on the other hand should not lose any resource because our nickel has a key component for electric vehicles, hence its demand would be high in the near future.