Introduction
The location of the Philippines being at the so-called Pacific “rim of fire” makes it a mineral-rich country. This vast natural resource, however, remained untapped at present. So rich is its mineral stock that it ranks third in the world in terms of gold deposits, fourth in copper, fifth in nickel and sixth in chromite.
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New Mining Projects
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Investments (US$)
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Projected
Employment
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Adlay-Cagdianao-Tandawa Nickel Project (Surigao)
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15 million
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1,000 jobs during construction; 400 jobs during operation
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Didipio Copper Project (Kasibu, Nueva Vizcaya)
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63 million
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1,000 jobs during construction; 476 jobs during operation
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Aroroy Gold and Silver Project (Masbate)
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63 million
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1,000 jobs during construction; 300 jobs during operation
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Siana Gold Project (Surigao)
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10 million
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400 direct employment; 2,000 indirect jobs
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Tampakan Copper Project (South Cotabato)
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500 million
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2,000 during construction; 3,000 during operation
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Toledo Copper Project (Cebu)
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171 million
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2,700 during operation
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Itogon Gold Project (Benguet)
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10 million
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450 jobs during operation
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Boyongan Copper Project (Benguet)
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1 billion
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2,000 jobs during construction; 3,000 during operation
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Nonoc Nickel Project (Surigao)
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800 million
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3,000
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Kingking Copper-Gold Project
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482 million
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1,000 jobs during construction; 500 during operation
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Pujada Nickel Project (Davao Oriental)
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1 billion
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2,000 jobs during construction; 2,700 during operation
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Far-Southeast Gold Project
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500 million
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3,000 jobs during construction; 3,000 during operation
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Mindoro Nickel Project (Oriental Mindoro)
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800 million
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Not stated
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