Facts about Minerals in the Philippines

           According to DENR, nine million hectares of land has high potential of producing copper, gold, nickel and chromite. This means that our country really is rich in minerals and maybe we can use it in order to gain more income for our country. Philippines have a lot of potential in terms of producing these minerals and exporting it to other countries because our country has the right factors for mining. First factor is the land or resources, as stated above we have nine million hectares of land that could be use to mine minerals. Additional note to that we even place 2^nd to South Africa in terms of gold endowment per square kilometer, and that really tells something about how rich Philippines in terms of minerals.

Second factor that really boosts our potential of producing these minerals is experience about mining and man power. Mining in the Philippines dates about as early as the 1980’s and I think we really learned about the in s and outs of mining in these past years. Man power also an important factor when it comes to mining is abundant here in the Philippines because of our population. Without man power and experience mining would not be successful because even thou you have new technology and innovations today, the power of human brain in making decisions and rationality cannot compare to artificial intelligence.

The last factor that Philippines have to be a potential producer of minerals like gold, copper, nickel and chromite is the government is willing to support mining these minerals. With the support of the government mining these minerals would be encouraged meaning the minerals found in the country can be really a source of income for our country. One way of encouraging mining here in the Philippines is by having the government give incentives to companies that will mine incentives. Incentives like tax exemptions are given to those who agree to mine here in the Philippines and in my opinion that is a great thing but the only problem I had is it benefits the international companies rather than the local ones.

Sources:

 http://us.rpembassy.net/?p=28

http://www.break-day.com/ver3.0/news/industry/42.htm

http://www.photius.com/countries/philippines/geography/philippines_geography_mining.html

http://www.sunstar.com.ph/baguio/opinion/2011/09/20/domoguen-wasting-our-mineral-deposits-messed-attitude-mining-180345

http://tagaloglang.com/The-Philippines/Economy/minerals-and-the-mining-industry.html

http://www.philippinealmanac.com/2010/04/45/the-mineral-wealth-of-the-philippines.html

                 Pictures:
http://online.wsj.com/article/SB123449556539081061.html
http://www.interaksyon.com/article/13050/philippine-mining-will-comply-with-global-transparency-standards-government-vows

Posted by: Degollado, Angelo Jose P.
                  4CSA