Low-cost mining operations and used mining equipment for sale is key to the viability of mining projects in the Philippines

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Australian-based mining firm Rusina Mining's chief executive is positive that low-cost mining operations, with the help used mining equipment for sale, remain very feasible in the Philippines, including its nickel project in Zambales.

The key to mining is low cost and that’s where the Philippines has an advantage in — quality, low-cost projects according to the firm's CEO Robert G. Gregory. The firm's Acoje nickel project in Zambales would likely be profitable even with the current credit conditions and low nickel prices at the moment. By the time full-blown operations and huge financing will be needed for the project in 2010, the global crisis would have recovered and nickel prices would have gone up to pre-crisis prices.