MINING
With an estimated US$ 1.4 trillion in mineral reserves, especially gold, copper, nickel, aluminum, and chromite, the mining potential of Philippines is one of largest in the world. According to the Mines and Geosciences Bureau (MGB), the archipelago is second in the world in gold and third in copper resources. The country is ranked top five in the world for overall mineral reserves, covering an estimated nine million hectares, although less than 2% has received mining permits.
Background
The Philippine mining industry is fortunate to have, aside from the country's substantial mineral resources, a regulatory framework favorable and attractive to investment. After stagnating for almost a quarter century, the mining sector of the economy is making a comeback following a Supreme Court decision in 2005 affirming the Philippine Mining Act of 1995 (RA 7942). [ Read This Chapter ]Recommendations
The prevalent external perceptions are of corruption, Church intervention on mining issues, and inconsistent policy. These perceptions deter new investors. [ Read This Chapter ]
News Updates
The Philippine Mining Industry and Executive Order...
31 August, 2012 at 10:42
The Philippine Mining Industry and Executive Order No. 79 President Aquino Issues Mining Policies and Guidelines
Atlas Upgrades Carmen’s Toledo Mine
28 August, 2012 at 17:55
MANILA, Philippines — Atlas Consolidated Mining and Development Corporation is investing $105 million to upgrade the mine facilities and boost
Gov’t considering IMF’s mining proposals
15 August, 2012 at 11:42
REFORMS SUGGESTED by the International Monetary Fund (IMF) are being considered by the government as it seeks to overhaul mining industry
Gov’t suspends miner’s operations in Surigao
24 July, 2012 at 15:48
The Mines and Geosciences Bureau (MGB) said it had suspended the mining operations of Shenzou Mining Group Corp. in Claver, Surigao del Norte,
Briefing on Executive Order 79 by the...
16 July, 2012 at 14:27
The following document was used by the Mines and Geosciences Bureau (MGB) under the Environment department (DENR) last Friday 13 July 2012 to
JFC Statement on Executive Order 79
11 July, 2012 at 19:42
The Joint Foreign Chambers Statement on Executive Order 79 Reforming the Philippine Mining Sector Download the PDF version here.
Xstrata $60 Billion Philippine Mine May Stall...
18 May, 2012 at 10:27
Xstrata Plc (XTA), the world’s fourth- biggest copper producer, risks missing a 2016 target to begin extracting about $60 billion of minerals
Philippine, China firms discuss South China Sea...
9 May, 2012 at 18:17
May 8 (Reuters) – The Philippines’ Philex Petroleum Corp said on Tuesday it has discussed a possible partnership with Chinese
New mining policy to be issued piecemeal
2 April, 2012 at 16:57
SINGAPORE – The government may release a series of policies for the regulation of the mining industry instead of just one executive order (EO)
Mining statement drafted
2 April, 2012 at 16:36
A POLICY STATEMENT on mining is now up for presidential approval, a Cabinet official yesterday said, with the latest draft still firm on raising
Proposal on mining policy ‘nearly finished’
21 March, 2012 at 12:51
THE CABINET is nearly finished with its proposal on the new mining policies, particularly on the government’s “fair share” of
Mining Policy Mulls Incentive Rules
20 March, 2012 at 15:00
MANILA, Philippines – The proposed mining policy being crafted by the government aims to set up in one year incentives and rules for higher
Mining is not an advocacy, it is...
16 March, 2012 at 13:26
This is a re-posted opinion piece. A lot of the misunderstanding about mining comes from a distorted view that it is an advocacy. Because of this
‘Very clear’ mining policy up next month
27 January, 2012 at 11:13
FOREIGN investors and businessmen were assured on Wednesday that “a very clear policy” on mining will be issued next month. President
Davao dads move to declare mining-free zone
16 December, 2011 at 18:14
DAVAO CITY — Lawmakers have initiated moves to declare Davao City as mining-free zone after passing a resolution on the same day it
Externalities 101
2 December, 2011 at 18:48
This is a re-posted opinion piece. We economists are often faulted for having a language all our own, usually unintelligible to common mortals.
