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PHL 2020 metals output up 1.3% by value

PHL 2020 metals output up 1.3% by value
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PHL metallic mineral output drops 4.75% in first nine months

December 11, 2020 | 7:37 pm
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METALLIC mineral production in the first nine months fell 4.75% year-on-year to P94.99 billion due to disruptions caused by the pandemic and the resulting lockdown, the Mines and Geosciences Bureau (MGB) said.
In a report Friday, the MGB said nickel ore and its by-products such as mixed nickel-cobalt sulfide and scandium accounted for 50.8% of the value of production or P48.22 billion, followed by gold at 36.7% or P34.85 billion, copper at 11.5% or P10.95 billion, and silver, chromite, and iron at a combined 1.02% or P966.05 million.
The MGB said the price of gold and silver rose during the period. ....

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