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