BusinessWorld
April 19, 2021 | 12:33 am
By
Reporter
THE Philippines is expecting about $4 billion in capital investments from three major mining projects, after President Rodrigo R. Duterte lifted last week the nine-year moratorium on new mineral agreements.
If the projects of Sagittarius Mines, Inc., KingKing Mining Corp., and Silangan Mindanao Mining Co., Inc. “are any indication, we are looking at over $4 billion in capital expenditure,” Presidential Spokesperson Herminio “Harry” L. Roque, Jr. told
BusinessWorld in a Viber message.
Mr. Duterte on April 14 signed Executive Order (EO) No. 130, which allows the government to enter into new mineral agreements and review existing mining deals for possible renegotiation.
Gov t won t back down on lifting mining ban
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RANKED: World s top 10 copper projects - Canadian Mining Journal
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RANKED: World s top 10 copper projects - Canadian Mining Journal
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MINING.com Editor | February 12, 2021 | 10:54 am
For decades, the global demand for copper has been rising steadily, having tripled over the past half-century, according to the International Copper Study Group. Demand for copper – a metal key to the green energy transition – is expected to keep rising over the coming years as emerging economies led by China continue to ramp up industrial activity.
According to the (United States Geological Survey) USGS, roughly 700 million tonnes of copper have been produced around the world so far, while identified deposits contain an estimated 2.1 billion tonnes of additional copper that have yet to be mined.
To provide a glimpse of the copper supply chain of tomorrow, MINING.COM and sister company