The Philippines Mining Report provides industry strategists, service companies, company analysts and consultants, government departments, trade associations and regulatory bodies with It’s independent, 5-year mining industry forecasts and competitive intelligence on leading mining companies in the Philippines.

Each Report has been researched at source, and features latest-available data and forecasts to end-2012 covering all headline indicators for mining; company rankings and competitive landscapes covering mining exploration and production; and analysis of latest industry developments, trends and regulatory issues.

Key Benefits
Use It’s independent 5-Year industry forecast on the Philippines
to test other views - a key input for successful budgeting and planning in this strategic mining market.
Target business opportunities and risks in the Philippines’s mining sector
through our reviews of latest mining industry trends, regulatory changes, and major deals, projects and investments in the Philippines.
Exploit latest competitive intelligence & company SWOTS
on your competitors and peers in the Philippines through our mining company rankings.

Executive Summary

The Philippines islands include 18 active volcanoes, and lie within the Pacific ‘rim of fire’, an orogenic belt associated with active ore-forming mineralisation. Three principal ore deposit types are associated with this volcanic arc environment – large-tonnage porphyry copper-gold deposits; disseminated and vein-type gold deposits, and volcanic sulphide deposits primarily constituting copper and gold.

Philippines has had a long and established history of mineral production and once ranked among the world’s top producers of chromite, copper, nickel and gold. According to various estimates, Philippines hosts the world’s fifth-largest gold and copper reserves. However, at the end of 2006, the nation’s mining industry was valued at just over US$2bn and accounted for less than 2% of the GDP. Considering the abundance of mineral potential in the Philippines, there are a number of factors that have constrained the domestic mining industry.

Production has been hampered for much of the last two decades by low foreign investment owing to political instability, accompanied by high costs of production, labour problems and natural disasters, including intense volcanic activity, cyclonic storms resulting in severe flooding and periods of extensive drought. Foreign investment has also been impeded by the requirement of 60% domestic equity control of the mining-processing facilities coupled with high excise taxes – mineral royalties – on production.

However, the Philippines mining scenario is not completely grim. An improving political situation, along with the fine-tuning of the Philippine Mining Act of 1995, has resulted in rising levels of mining development and exploration programmes throughout the nation. In 2004, the government unveiled the Mineral Action Plan (MAP), which identifies 24 large-scale mining projects. According to the Department of Environment and Natural Resources (DENR), these projects are expected to bring in US$4-6bn in investments and US$5-7bn in foreign exchange during 2004-2010. Mineral resources development has been identified by the government as an area of focus in the Medium-Term Philippine Development Plan, 2004-2010.

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