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Despite EO 130, it may take a while for mining sector to boom


Published April 30, 2021, 8:00 AM
After suffering from major regulatory impediments for nearly a decade, it may take some time before the mining sector of the Philippines, one of the most highly mineralized countries in the world, to recover despite the government’s recent policy decisions that favor the industry.
On Thursday, Chamber of Mines of the Philippines (COMP) Chairman Gerard Brimo said that despite the passage of Executive Order (EO) 130 – which amended EO 79 of the Aquino administration and lifted the ban on new mining projects – the ghost of the nine-year-old ban may continue to spook investors alongside other policy roadblocks that are still in place.   ....

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Mining sector suffers decline in production, value in 3 quarters – Manila Bulletin


Published December 11, 2020, 3:30 PM
The Philippines mining sector has suffered a decline in output and value from January to September of this year, a negative development that the government attributes to the COVID-19 pandemic.
In its latest data, Mines and Geosciences Bureau (MGB) said the country’s metallic mineral production was “still lackluster during the first three quarters of 2020”, with its value falling by 4.75 percent from P99.72 billion during the same period last year to P94.99 billion.
This, as almost all of the country’s minerals – gold, silver, copper, nickel, and chromite – booked lower production.
“The COVID pandemic continued to adversely affect mining operations in the country,” MGB said. ....

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