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Philippine Mining Prospects (August 2005)


Introduction

The location of the Philippines being at the so-called Pacific “rim of fire” makes it a mineral-rich country. This vast natural resource, however, remained untapped at present. So rich is its mineral stock that it ranks third in the world in terms of gold deposits, fourth in copper, fifth in nickel and sixth in chromite. 

New Mining Projects
Investments (US$)
Projected
Employment
Adlay-Cagdianao-Tandawa Nickel Project (Surigao)
15 million
1,000 jobs during construction; 400 jobs during operation
Didipio Copper Project (Kasibu, Nueva Vizcaya)
63 million
1,000 jobs during construction; 476 jobs during operation
Aroroy Gold and Silver Project (Masbate)
63 million
1,000 jobs during construction; 300 jobs during operation
Siana Gold Project (Surigao)
10 million
400 direct employment; 2,000 indirect jobs
Tampakan Copper Project (South Cotabato)
500 million
2,000 during construction; 3,000 during operation
Toledo Copper Project (Cebu)
171 million
2,700 during operation