In Rio Tuba, Municipality of Bataraza, southern tip of Palawan Island, in the Philippines, Coral Bay Nickel Project (CBNP) has been launched to produce and export mixed nickel-cobalt sulfide to Japan for 20 years.
Even before the operation and till today, the environmental and social issues related to this project have been pointed out. For example, the impact to Indigenous peoples, or Pala’wan, the impact to coral reef caused by the construction of the port facilities, and increase in the number of skin diseases are concerned. Moreover, the second plant construction plan, which was announced in March 2006, raised an alarm that these impacts could expand.
The 90% of the equity for Coral Bay Nickel Corporation is owned by several Japanese corporations. The project is also financed by Japan Bank for International Corporation (JBIC) and insured by Nippon Export and Investment Insurance (NEXI). The second plant has been also provided the insurance by NEXI.
Documents by FoE Japan