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 ]
Business groups seek clearer mining policy
2 July, 2011 at 15:11
SEVERAL BUSINESS groups have consolidated their position on proposed reforms for the mining industry, hoping that the government will clear up
BoI approves P7-B new projects
1 July, 2011 at 19:25
Seven projects, mostly mass housing ventures, with combined investments of over P7 billion and jobs generation prospects of over 2,500 were
Responsible Mining
20 June, 2011 at 15:05
To read about the policies responsible mining companies adhere to and have signed up for with respect to a variety of relevant matters including
Tampakan investors stick to mining schedule despite...
15 June, 2011 at 18:58
Investors in the $5.9-billion Tampakan copper-gold project will keep their schedule of starting mine development next year and commercial
Agro-based, mineral products seen to drive PH...
10 June, 2011 at 15:15
Agro-based and mineral products are expected to fuel continued growth of Philippine exports as demand for electronics softens, according to the
Indophil scores national gov’t for impasse over...
26 May, 2011 at 15:19
An executive of the Australian miner behind the massive Tampakan copper deposit expressed frustration yesterday over the national
