Manila, March 6 -- Senate President Francis Escudero on Thursday said the announced joint venture between Nickel Asia Corporation and DMCI Mining Corporation to develop a nickel processing plant in the Philippines is a "monumental stride" in enhancing the country's mineral value chain.

In a statement, Escudero said the initiative is a significant step in advancing the local mineral processing industry, creating jobs, and strengthening the country's position as a global player in the sector.

"This partnership is a monumental stride in our journey to add greater value to our mineral resources," he said.

"Not only does this align perfectly with our vision of reducing raw mineral exports, but it also paves the way for economic growth and j...