OFW Filipino Heroes

Friday, July 8, 2016

Philippine PDEA Seized ₱1.4-Billion Worth illegal drugs and 2 Labs with Taiwanese in South Manila

A PDEA agent inspects chemicals and equipment used in manufacturing illegal drugs during a raid in Pamplona 2, Las Piñas City on Tuesday night. JOVEN CAGANDE

Las Piñas raid nets ₱1.4-B shabu

Operatives of the Philippine Drug Enforcement Agency (PDEA) arrested three Taiwanese nationals and seized more than ₱1.4 billion worth of shabu, chemicals and laboratory equipment at a clandestine drug laboratory in Las Piñas City and a warehouse in Parañaque on Tuesday night 5th July 2016.

Wilkins Villanueva, director of the PDEA National Capital Region Office, identified the three arrested suspects as Shi Ming Tsai, Kuo Chuan Cheng and Chun Ming Lin.

Tsai and Cheng, both suspected chemists, were arrested in a house that was turned into a shabu laboratory in Barangay Pamplona Dos in Las Piñas at around 6 p.m. after the PDEA agents enforced a search warrant issued by Judge Fernando Sagun of the Quezon City Regional Trial Court Branch 98.

Around 49 kilos of shabu, placed inside pails, 298 kilos of suspected liquid methamphetamine and laboratory equipment were seized inside the house.

Newly appointed PDEA chief Isidro Lapeña joined the operation in Las Piñas.

After the successful operation, PDEA agents also dismantled a shabu storage facility located at BF Homes, Parañaque City at around 7:30 p.m.

Lin was arrested inside the warehouse where 10 kilos of suspected shabu and around 200 kilos of suspected ephedrine were found.

Villanueva said ephedrine, an ingredient in the making of shabu, was stored in Parañaque and brought to the house in Las Piñas for processing into shabu crystals.

The manufactured drugs would then be brought to the Parañaque warehouse for storage before distribution to dealers in Metro Manila and Central Luzon, he added.

Villanueva said PDEA agents conducted surveillance operations in the area for about a month before the raid.

Investigators said a Taiwanese family has been renting the house in Las Piñas.

13 suspected pushers killed

Eight suspected drug pushers were gunned down last Tuesday and Wednesday during alleged shootouts with policemen in various parts of the country while unidentified suspects killed seven more alleged pushers.

Media reports showed that there were about 85 people killed in drug-related police operations from May 10 to July 6. Of the 85 slain suspects, 31 were shot dead from July 1 to 6 or during the first six days of the Duterte administration.

Caloocan City policemen shot dead yesterday two alleged drug pushers during separate encounters.

Investigators said policemen responded to a call through Emergency Hotline 117 that three men were suspiciously roaming around Barangay 59 at 3 a.m.

The police spotted suspect Michael Liwanag and his two companions along R. David Street and when the officers approached them, the trio ran toward a nearby house owned by Norayda Coloma.

Liwanag entered the house and fired gunshots at the policemen who fired back and killed the suspect.

Another suspected pusher, Roberto Dominguez, was killed last Tuesday night by policemen investigating the illegal drug trade along Burgos Street in Barangay 15.

Initial police report showed that policemen spotted Dominguez along Burgos Street and tried to question him.

Dominguez, however, fled and ran to a house and shot at the police officers.

The policemen fired back, killing the suspect who yielded a caliber .38 revolver, five small plastic bags of shabu and drug paraphernalia.

Two suspected drug pushers were shot dead by police authorities in separate encounters in Camarines Norte and Legazpi City last Tuesday.

Supt. Wilmor Halamani, Daet police chief, said an undercover policeman shot dead suspect Christian Roy during a buy-bust operation in Barangay Magang.

In Legazpi City, Michael Almayda was shot dead after a shootout with police during another entrapment operation in Purok 3 Barangay 42 in Legazpi City.

Almayda's three companions, identified as Edgardo Almayda, Nino Almayda and Norby Alzaga, were arrested.

Seized from the suspects were 12 plastic bags of shabu and a caliber .38 revolver.

Manila policemen killed a drug pusher that also snatched cell phones in San Andres, Manila.

Police officer 3 John Teddy Siguen, who was investigating cellphone robbery cases, shot dead Conrado Beroña III in his house at 2323 Tenorio Street in San Andres last Tuesday.

Investigators recovered nine sachets of suspected shabu from the suspect's house.

Siquen said they were following up two cellphone robberies and tracked down the suspect's location through the global positioning system (GPS) in one of the stolen phones.

Policemen went to Berona's house but the suspect fired at the policemen, who fired back and killed the suspect.

Two persons were killed in separate shootouts during anti-illegal drug operations by the Quezon City police yesterday and Tuesday.

Artemio Aclan was gunned down along Algao St., Barangay Tatalon at around 11:30 a.m. while police were conducting Oplan Kapak (Katok Pakiusap) on Tuesday.

Investigation disclosed that police spotted Aclan while they were scouring the area for drug dependents.

Sensing the presence of operatives, Aclan reportedly ran to his house, got his handgun and fired at the police officers.

He was killed after a brief firefight with police. A improvised caliber .38 revolver and 12 sachets of shabu were recovered from Aclan's house.

A still unidentified drug suspect was killed in a shootout along Feliciano Street in Barangay Pasong Putik at around 2:30 a.m. yesterday.

The suspect, described by police as around 20-25 years old and 5'3" in height, was shot dead while his cohort was able to elude arrest.

Police reportedly responded to a tip about illegal drug activities in the area when they saw two men on their motorcycles.

When police officers approached the suspects, the two suddenly drew their handguns and fired at the lawmen.

This led to a brief firefight, resulting in the death of one of the suspects while the other escaped.

In Dagupan City, a suspected drug dealer was shot dead in a buy-bust operation Tuesday night in Barangay Tebeng.

Dagupan police Supt. Christopher Abrahano said Oscar Abella, who was included in the watch list of the Barangay Anti Drug Abuse Council of Barangay Pantal, pulled out a gun and fired at the police undercover agent who fired back.

Motorcycle-riding gunmen shot dead Marvin Toston, a suspected pusher, at the corner of Gabriel and Claudio streets in Baclaran, Parañaque City yesterday.

In Nueva Ecija, five suspected drug pushers were killed by unidentified men in the past four days, police said.

Senior Supt. Manuel Cornel, provincial police director, said the slain suspects were identified as Mirasol Lavapie Ramos of Talavera town, Jessie Junarez of San Antonio town, Daniel Javier of San Leonardo, Raffy Francisco of Sto. Domingo and a certain Bernie of San Jose City.

A lone gunman shot dead Ramos in a barbecue stand in Talavera.

Police said five men took Junarez from his house last Wednesday in San Antonio. The victim was later found dead.

In San Jose City, Police Officer 1 Danilo Lorilla Jr. shot dead the suspect identified only as Bernie.

Bernie alleged shot at Lorilla who fired back and killed the suspect.

Police said Javier was found dead in San Leonardo town while the body of Francisco was recovered in Sto. Domingo.

In Cagayan, Senior Insp. Antonio Palattao, police chief of Allacapan town, said an unidentified gunman shot dead suspected drug pusher Norman Tacal during a drinking session in Barangay San Juan last Tuesday.

Meanwhile, 217 drug pushers and users surrendered to authorities in Valenzuela City since July 1, while 75 other professed addicts yielded in Mandaluyong City. - With Perseus Echeminada, Cecille Suerte Felipe, Ghio Ong, Mike Frialde, Francis Elevado, Celso Amo, Raymund Catindig, Eva Visperas - philSTAR

Thursday, July 7, 2016

Global Demand for Nickel or Destruction of the Philippine mountains?

Mining heavily destroyed the paradise Philippines, President Rodrigo Duterte planned on closing all mining in the Philippines. Philippines as world’s largest supplier of nickel; how to suffice the global demand of Nickel if the Philippines would closing down? Photo: ndfp.org

Nickel Falls Most in Eight Weeks on Philippines Supply Outlook

Nickel fell the most in eight weeks on speculation that the government may take longer than expected to close mines that don’t meet environmental rules in the Philippines, the biggest supplier of ore to China.

The metal used in stainless steel advanced 12 percent last month on concern that shipments from the Philippines to China will be disrupted as a new government enforces standards. While Environment Secretary Gina Lopez said an audit of mining operations will be completed in three to four weeks, speculation mounted on the timing of any closures.

“Now doubts have arisen as to whether those mines in the Philippines that are failing to meet the necessary environmental standards could really be shut down in the near future,” Commerzbank AG analysts including Daniel Briesemann said in a note.

Nickel for delivery in three months slipped 4.8 percent to settle at $9,705 a metric ton at 5:52 p.m. on the London Metal Exchange, the biggest loss since May 9.

‘Take Time’

“It will take time for the Philippines to eventually shut the mines and cut supplies,” Jia Zheng, a metal trader with Soochow Futures Co., said by phone from Shanghai. “Ultimately, China can diversify by purchasing from regions like Africa.”

Copper for delivery in three months slipped 1.6 percent in London. Zinc, lead and tin also declined on the LME, while aluminum rose.

A gauge of 18 global base metal producers tracked by Bloomberg Intelligence declined 3.9 percent, the first loss in more than a week. Phoenix-based Freeport-McMoRan Inc. led declines, slipping 8 percent. — With assistance by Luzi-Ann Javier, Winnie Zhu, and Kevin Crowley : Bloomberg

Can You Spare a Nickel, Mr. Duterte?

Nickel has been the worst performer of the London Metal Exchange's six major metals over the past year. The key ingredient in stainless steel, which topped $50,000 a metric ton in 2007, has barely risen above $10,000 in eight months.Between 60 percent and 70 percent of producers are losing money at current prices, Ivan Glasenberg, chief executive of the fourth-biggest producer, Glencore, told an investor call in December.

WINNERS AND LOSERS

In trying to deal a blow to a mining industry he accuses of "spoiling the land," Philippine President Rodrigo Duterte, also known as the "Punisher," may have just done global producers a favor.SHARE OF NICKEL PRODUCERS LOSING MONEY60-70%Nickel traded on the LME rose at the fastest pace in more than eight months Monday. The proximate cause was Duterte's new environment and natural resources minister, Gina Lopez, who said miners that don't pass an environmental audit to be completed in three to four weeks face suspension. Less than a third currently meet international standards, Lopez said last week.

Not a Nickel to Spare

The Philippines is by far the biggest producer of the stainless steel alloy. 2015 mine output by country.

The news isn't exactly a bolt from the blue. Duterte has been a longstanding critic of mining companies, passing a law to enforce a ban on them in his home city of Davao while he was mayor. It moved the market because the Philippines is far and away the biggest producer of mined nickel, according to the U.S. Geological Survey, overtaking Indonesia since that country banned exports of metal ores in an attempt to encourage a local smelting industry.The Philippine nickel industry is dominated by small-scale local producers, so Lopez's comments will if anything give global mining companies a long-overdue reason to be cheerful.

More Losses Than Profits

Vale's nickel unit has recorded an aggregate $2.1 billion of losses over the past decade

Vale, the biggest miner, has posted an aggregate $2.1 billion in losses on its nickel unit over the past decade. BHP's Nickel West operation, the third-biggest producer according to Bloomberg Intelligence data, is still operating largely because the costs of closure are greater than the losses that may be incurred from keeping it running, Chief Executive Officer Andrew Mackenzie told an investor call in February.

Coming Up Short

The global nickel market is forecast to head into deficit this year

It's going to take a lot to lift nickel prices from the doldrums, but a shutdown in the Philippines could be just the ticket. The International Nickel Study Group is already forecasting that demand will exceed supply in 2016 for the first time in five years, by 49,000 tons or 2.5 percent of consumption. While the Philippines may be unlikely to close two-thirds of its nickel mines, modeling a production drop on that scale is a useful thought experiment. With 350,000 tons of output quitting the market, supply would be left 21 percent short of demand. That would be more than enough to put a fire under prices. By David Fickling - Bloomberg.

To contact the author of this story: David Fickling in Sydney at dfickling@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.net

LEARN FOREX TRADING AND GET RICH

Investment Recommendation: Bitcoin Investments

Live trading with Bitcoin through ETORO Trading platform would allow you to grow your $100 to $1,000 Dollars or more in just a day. Just learn how to trade and enjoy the windfall of profits. Take note, Bitcoin is more expensive than Gold now.


Where to buy Bitcoins?

For Philippine customers: You could buy Bitcoin Online at Coins.ph
For outside the Philippines customers  may buy Bitcoins online at Coinbase.com