Manila, Aug. 12 -- Berong Nickel Corporation (BNC), a subsidiary of DMCI Mining, recently signed a mineral production sharing agreement (MPSA) with the Mines and Geosciences Bureau (MGB), for its Long Point property in Aborlan, Palawan.

In a statement Tuesday, DMCI said the MPSA, signed on Aug. 8, covers around 2,177.34 hectares.

It grants BNC the exclusive right to explore, develop, and utilize mineral resources within the contract area.

The MPSA has an initial term of 25 years, renewable for another 25 years, and will take effect upon registration with the MGB.

"We will work closely with our host communities to ensure development goes hand in hand with environmental stewardship and inclusive growth, guided by the same standards that...