MINING

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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 ]

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.

Mercury pollution in Chico River probed

1 December, 2011 at 18:40

Agriculture Secretary Proceso Alcala on Sunday questioned farmers and Cordillera officials at a forum here about a government report that says

Landmark decision

29 November, 2011 at 11:12

This is a re-posted opinion piece. For the farmers of Hacienda Luisita, the wait for justice was long. The Supreme Court decision was sweet

Legislator says mining taxes unlikely to be...

28 November, 2011 at 14:44

PROPOSALS to hike taxes on mining will be discussed by the House of Representatives but are unlikely to prosper during the current session, a

Miners claim taxes taking much of income

28 November, 2011 at 14:36

A HEAVY tax burden is limiting the mining sector’s contribution to the economy, an industry organization claimed last week amid government

P-Noy urged to issue clear policy on...

24 November, 2011 at 18:31

MANILA, Philippines – President Aquino must incorporate a categorical position on open pit and small-scale mining in the soon to be

Robredo agrees on direct payment by mining...

24 November, 2011 at 12:00

DAVAO CITY—Interior Secretary Jesse Robredo said he agreed with the proposal of the Chamber of Mines to pay excise tax directly to the host

There’s gold in them there hills

21 November, 2011 at 17:02

This is a re-posted blog article. Sitting on a gold mine. That’s how we usually describe someone with a lot of assets to their name. It’s

Support for an industry

17 November, 2011 at 10:42

This is a re-posted opinion piece. Eclipsed by the stories on Gloria Macapagal-Arroyo’s efforts to leave the country, the tragedy that struck

Govt eyes major reforms in small-scale mining

14 November, 2011 at 18:00

BAGUIO City—The government is determined on implementing major policy reforms in the development of the country’s small-scale mining

President Aquino exempts mines from total log...

14 November, 2011 at 17:53

President Benigno Aquino III has exempted the mining industry from the total log ban in exchange for obligating the industry to take part in the

Environmentalists buck lifting of mining log ban

14 November, 2011 at 17:48

Imagine the environmental impact of giving blanket authority to mining companies to cut down thousands of trees in forests: more floods and

Phl wants more mining investments

14 November, 2011 at 17:26

BAGUIO CITY ,Philippines – Mining has been one of the biggest contributors to economic growth in several countries, foreign diplomats said

Foreign ambassadors talk on how mining alleviates...

11 November, 2011 at 17:33

Former Foreign Secretary Delia Albert said she used to market the potentials of Philippine mining in her trips as presidential envoy on mining,

Philippines readying policy to head off mining...

11 November, 2011 at 11:12

Nov 10 (Reuters) – The Philippines could unveil a comprehensive mining policy by the end of 2011 that addresses thorny issues hampering the

Firm challenges mining ban

10 November, 2011 at 10:56

A MINING FIRM facing the prospect of having to shut down an operational site has gone to court to contest a provincial government’s move to ban