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The Minerals Industry plays a significant role in the development of the Philippine economy. For 2003 alone, the Industry registered P41.9 Billion in production, U.S $519M in export earnings and paid P2.1B in taxes and fees. The Industry employed 112,000 workers and provided P4B-P5B in wages and benefits. In addition, 4-10 allied jobs are created for each mining job. The Minerals Industry still offers huge potentials. Mining permits presently cover only 1.4% or roughly 420,000 hectares of the country’s land area. Geologists estimate that the potential minerals (e.g., gold, copper, and chromite) onshore cover an area of about 9 million hectares.
Executive Order (E.O.) No. 270 as amended, issued on 16 January 2004 and amended on 20 April 2004, provides for the revitalization of the Industry through the promotion of responsible mining that adheres to the principles of sustainable development: economic growth, environmental protection and social equity.
Click on the links below for more information on the specific minerals found in the Philippines and the mines & exploration prospects containing them.
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