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Lifting of mining ban to usher in manufacturing resurgence

The Australia Philippine Business Council (APBC) said the impacts of lifting the open-pit mining ban will spill over to other industries like ....

Irene Cabrera , Jose Leviste Jr , Australia Philippine Business Council , Oceanagold Philippines Jose Leviste , Make It Happen ,

Lifting of mining ban to usher in manufacturing resurgence

MANILA - The Australia Philippine Business Council (APBC) said the impacts of lifting the open-pit mining ban will spill over to other industries like manufacturing. In a statement, APBC said the decision of the government to lift the moratorium will revitalize the mining industry, usher in the country's manufacturing resurgence, and boost investors' confidence in the Philippines. "The Philippines lifted a four-year-old ban on open-pit mining for copper, gold, silver, and complex ores in December 2021. This followed scrubbing of the 2012 moratorium on new mining agreements seven months earlier. These developments are expected to usher in significant benefits to the economy including manufacturing resurgence, and step up investor confidence," APBC said. APBC president Rene Cabrera added that with the lifting of the moratorium, the Philippines and Australia can further strengthen partnerships in the mining sector. "Mining is one industry that truly highlights the c ....

Irene Cabrera , Jose Leviste Jr , Australia Philippine Business Council , Oceanagold Philippines Jose Leviste , Make It Happen , Manila The Australia Philippine Business Council Apbc Said Impacts Of Lifting Open Pit Mining Ban Will Spill Over To Other Industries Like Manufacturing Ina Statement , Pbc Said The Decision Of Government To Lift Moratorium Will Revitalize Mining Industry , Sher In The Country 39s Manufacturing Resurgence , Nd Boost Investors 39 Confidence In The Philippines Quot Lifteda Four Year Old Ban On Open Pit Mining For Copper , Nd Complex Ores In December 2021 This Followed Scrubbing Of The 2012 Moratorium On New Mining Agreements Seven Months Earlier These Developments Are Expected To Usher Significant Benefits Economy Including Manufacturing Resurgence , Nd Step Up Investor Confidence , Uot Apbc Said President Rene Cabrera Added That With The Lifting Of Moratorium , He Philippines And Australia Can Further Strengthen Partnerships In The Mining Sector Quot Is One Industry That Truly Highlights Complementarity Between Has Vast Untapped Natural Resources Isa Global Expert Minerals Development Production Underpinned By Responsible Practices Sought Philippine Government Community Potential For Rewarding Opportunities Always Been There , Uot Cabrera Said Apbc Special Advisor And Former Chair Of Oceanagold Philippines Jose Leviste Jr Australian Firms Are Quot Well Placed To Capitalize On These Developments In The Philippine Mining Industry Areas Opportunity Include Mineral Exploration , Ining Equipment Supply , Engineering Services , Specialist Software , Nd Industry Education And Training , Uot Leviste Added Apbc Said The Prospects In Mining Industry Remain Largely Untapped , Oting That The Country Has An Estimated Usd1 3 Trillion Worth Of Mineral Resources Copper Industry Is One Five Key Sectors Under Department Trade And 39s Dti Make It Happen In Philippines Investment Campaign , He Country Having The Fourth Largest Copper Reserves In World Dti Aims To Attract Foreign Companies Invest Integrated Facilities From Extraction Manufacturing Of High Value Products Pna ,