Exploring and Mining in the Philippines
Philippine projects require a strong community partnership and a genuine environmental and community enhancement program.
Operating Mines
Philex |
Padcal Copper Porphry |
Sumitomo |
Coral Bay Nickel |
Lepanto |
Theresa Gold Mine |
Toldeo-Atlas |
Nickel Laterite |
Atlas |
Atlas Copper Porphyry |
TVI |
Canatuan Gold, Silver, (Cu-Zn) |
Taganito |
Claver Mine, Surigao |
Medusa |
Co-O Gold Mine, Mindanao |
Feasibility Studies
Xtrata |
Tampakan Copper Porphyry |
CGA |
Masbate - Aroroy Gold |
Anglo American / Philex |
Buyongan Cu Porphyry |
Oceana |
Didipio Copper Porphyry (Construction) |
Siana |
Red Five Gold |
Benguet |
King-King Copper Porphyry |
QNI/BHP |
ACT Ni Laterite |
Philnico |
Surigao Ni Laterite |
Mindoro |
Agata Nickel |
Red 5 Limited / Anglo Ashanti |
Sianna Gold |
Advanced Exploration Projects
Metals Exploration |
Runruno Gold, Mo |
Rusina/European Nickel |
Laterite Ni |
Anglo American |
Cordilleran Gold |
Freeport McMoran |
Del Gallego Gold |
Mindoro |
Lobo Gold, Kay Tanda Gold |
Medusa |
Surigao Gold |
BHP Billiton |
Pujada Ni Laterite |
Positive Political Progress
- Mining Act of 1995, Ratified by Supreme Court in 2005, Allows 100% Foreign Ownership of Mining Assets
- Exploration Permits can now be 100% Foreign Owned
- Financial and Technical Assistance Agreements allow 100% Foreign Ownership of Projects Capitalized at over $50 Million U.S.
- New Mines Opening; Prolific in Mineral Deposits
- Permitting Process now Well Defined
- All Mining Statistics are up with Taxation down
Summary of Economic Contributions
2003 |
2004 |
2005 |
2006 |
2007 |
|
Gross Production Value (PHP'bn) |
41.1 |
43.4 |
50.2 |
72.1 |
97.4 |
Contributions to Total Exports (%) |
1.8 |
2.0 |
2.0 |
4.5 |
5.2 |
Contribution to Total Employment (%) |
0.3 |
0.3 |
0.4 |
0.4 |
0.4 |
Taxes collected from Mining (PHP'bn) |
1.5 |
3.5 |
5.6 |
6.4 |
1.8 |
Number of Operating Metallic Mines |
14 |
16 |
17 |
18 |
24 |
Strategic Location
Work Force
Philippines Summary
- An abundance of mineral deposits
- A positive political environment
- Strategically located near Asian metal markets
- A highly competitive work force
