As of June 30, 2022, the issuance of Ore Transport Permit (OTP) and Mineral Ore Export Permit (MOEP) posted a 21.92% and 26.69% decline or equivalent to 235 and 195 released permits, from last year’s 301 and 266, respectively. The decrease in number of OTP/MOEP issuance of the Mines and Geosciences Bureau Regional Office No. XIII for the first semester of CY 2022 was affected when the mining companies lowered their monthly target of OTP/MOEP application due to unfavorable weather condition and lethargic market, particularly manifested by export of nickel ore per shipment-related documents received by this Office. OTP and MOEP issuance dropped down for the first quarter of CY 2022 despite the high metal price during the period. The highest noted decline was in the month of March when issued OTP and MOEP accounted for only 28 and 21, respectively, compared to 56 OTPs and 50 MOEPs for CY continue reading : MGB ROXIII records decrease in issued OTP and MOEP for the 1st semester of CY 2022
