Mining

Mining in the Philippines is meant for foreign demand to natural resources. Under the Mining Act of 1995, foreign mining companies are allowed 100% repatriation of capital. Resources extracted in the Philippines are never used for domestic consumption. read full article »

Delegates from Bangladesh, Cambodia, China, India and the Philippines attended the Workshop on Health and Safety in Asian Mines held last January 21-22, 2008 in Dhanbad, India. The activity was initiated by the Hong Kong based Asia Monitor Resource Center (AMRC) and supported by local organizations in India, namely the Arnab Socio Educational Institute Trust (ASEIT), Directorate General of Mines Safety (DGMS) and People Training and Research Center (PTRC). read full article »

Overview of mining operations in the Philippines

The Philippines is rich in mineral deposits. According to estimates, the Philippines have the fifth largest reserve of gold and copper in the world. The Mines and Geosciences Bureau (MGB) of the Department of Environment and Natural Resources (DENR) estimated gold reserves to be at 967,180,197 MT while Copper was put at 5,301,507,657 MT (2002). According to the National Economic Development Authority (NEDA) in 2005, the Philippines have a total of USD 840B worth of mineral wealth just waiting to be exploited. read full article »