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 ]

Philippines’ Duterte says nation can survive without...

2 August, 2016 at 16:14

Philippine President Rodrigo Duterte on Monday warned mining companies to strictly follow tighter environmental rules or shut down, saying the Southeast Asian nation could survive without a mining industry.

Tampakan project prospects dim

29 July, 2016 at 14:30

Once touted as potentially the Philippines’ biggest foreign investment, the Tampakan copper-gold mine project in Mindanao — initially estimated to cost some $5.9 billion…

Philippines’ House Speaker wants Congress to license...

28 July, 2016 at 11:00

The Philippines’ newly elected House Speaker said on Monday he wants new mining companies to get a legislative license before they are allowed to operate in the country as part of efforts to protect the environment.

[VIDEO] Businessmen laud Duterte’s 1st SONA

27 July, 2016 at 14:01

Despite that perceived repercussions for miners, most other business groups give President Duterte a high mark for his first address to the nation. – Business Nightly, ANC, July 25, 2016

Impact seen muted for nickel amid PHL...

19 July, 2016 at 12:30

An environmental crackdown on Philippine mines, which helped drive nickel prices to eight-month highs, is likely to have only a muted impact on exports to China in the short term because the biggest mines have met guidelines, experts said.

DENR stops mining in ARMM for new...

15 July, 2016 at 17:30

The Department of Environment and Natural Resources (DENR) in the Autonomous Region in Muslim Mindanao (ARMM) has suspended all mining operations in the region.

PHL will not see new mining projects...

12 July, 2016 at 15:30

Aside from auditing the operations of existing mining sites, the new chief of the Department of Environment and Natural Resources (DENR) has also ordered a moratorium on the approval of new mining projects.

A sensible annulment

7 July, 2016 at 14:12

We’re witnessing divorces of a different kind, institutional ones. One has been blessed: Communications has left the Department of Transportation and Communications…

Mine shutdowns loom as grace period expires

4 July, 2016 at 15:00

The government will order a review of all the existing mines operating in the country, new Environment and Natural Resources Secretary Regina Paz L. Lopez said on Friday, giving a clear signal that miners falling short of international standards would be shut down.

Existing mining law, revenue-sharing scheme ‘sufficient’ —...

4 July, 2016 at 13:00

Finance Secretary Carlos G. Dominguez sees no need to raise the government’s revenue share from mines, a reversal from the Aquino administration’s “aggressive” bid to increase the tax take from the country’s mineral resources.

Duterte Environment Chief Decries Mining’s ‘Pathetic’ Record

23 June, 2016 at 08:51

The Philippines will have an anti-mining crusader running the environment department, after Philippine President-elect Rodrigo Duterte’s choice accepted the post this week. Shares of resources companies plunged a second day.

The End: John Ridsdell, 1947-2016

6 May, 2016 at 10:37

John Bramwell Ridsdel was born in London, England, on Sept. 9, 1947, the son of William, a British ophthalmologist, and Jessica, a Scottish nurse.

A different voice

21 April, 2016 at 11:37

Today I’m giving way to my daughter Nikki, an environmental scientist (master’s degree from University College of London) working on getting us a greener world.

Go for the bold!

14 March, 2016 at 10:48

For the fourth time in the last five years, I was honored by an invitation from the Joint Foreign Chambers of the Philippines (JFC) to speak at its prestigious Arangkada Philippines Forum. This year’s theme was “A Bolder and More Inclusive Decade.”

[Video] Foreign Investors laud Aguino administration for...

27 February, 2016 at 10:00

Dateline Philippines @ ANC | February 26, 2016

‘Business as usual’ despite elections

26 February, 2016 at 16:18

‘Business as usual’ despite elections by: Ben O. de Vera | February 24, 2015    Despite domestic and external challenges, the