RP's $1 Trillion Mineral Deposits Sets To Be The World's Mining Country By 2010 at FinGad.com

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RP's $1 Trillion Mineral Deposits Sets To Be The World's Mining Country By 2010

Categorie: Emerging Markets
Submitted 3 months ago by

Lovephileo , WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER

Philippines is blessed as the 5th mineralized country in the world with $1 Trillion untapped mineral deposits once fully developed, would be ten times our annual gross domestic product (GDP). The country has overwhelming trillion-dollar worth of untapped mineral resources. RP ranks No.3 in gold, No.4 in copper, No.5 in nickel, No.6 in chromite. The country's mineral potentials can easily wipe out foreign debts, and yet leave more for future generations. RP could be elevated to a "mining country" by 2010 if the country's mettalic producing mines could sustain its output growth at its current pace. Based on a 2002 World Bank Study, a country can be called a "mining country" if it has a large domestic sector and its mining industry contributres at least 6% to the total exports. The Department of Energy and Narural Resources (DENR) had initially projected that mining's contribution to exports would be on upward trend beginning next year at about 2.8% and at 2.9% in 2009. A big jump in exports contribution is projected in 2010 at 8.6% with all of the priority mining projects already on stream. The projection were based on the production and exports data of current producing mines and the schedule set by the 23 priority minerals development projects.<img sr... More...

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8 comments ↓

#1 | Eeexpert @ 3 months ago Transcript Editor, Marketing Officer-podwriter transcriptions, Event organizer, Entrepreneur, owner of memokitchen.com site at memokitchen.com User Rank : 167 Portfoilo Balance: $60,100.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: hi lovephileo, Very interesting topic. I got a request for you. please keep on updating us by posting news and reviews on Philippine Mining Industry. Because this Philippines Mining Report/Posts will help provide industry strategists, service companies, company analysts and consultants, government departments, trade associations and regulatory bodies, 5-year mining industry forecasts and competitive intelligence on leading mining companies in the Philippines. Please do keep us informed on target business opportunities and risks in the Philippines's mining sector through your reviews of latest mining industry trends, regulatory changes, and major deals, projects and investments in the Philippines. Thanks in advanced! +1 for you!
#2 | Eeexpert @ 3 months ago Transcript Editor, Marketing Officer-podwriter transcriptions, Event organizer, Entrepreneur, owner of memokitchen.com site at memokitchen.com User Rank : 167 Portfoilo Balance: $60,100.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: This is hot topic nowadays. I agree this industry if well managed, supported by public and private sectors, well regulated, no doubt Philippines will rise from its current economic situation. Debts will be paid and our future generation will have jobs to fill.
#3 | Eeexpert @ 3 months ago Transcript Editor, Marketing Officer-podwriter transcriptions, Event organizer, Entrepreneur, owner of memokitchen.com site at memokitchen.com User Rank : 167 Portfoilo Balance: $60,100.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: This is hot topic nowadays. I agree this industry if well managed, supported by public and private sectors, well regulated, no doubt Philippines will rise from its current economic situation. Debts will be paid and our future generation will have jobs to fill.
#4 | Lovephileo @ 3 months ago WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER User Rank : 413 Portfoilo Balance: $1,110,169.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: yes eexpert, I guess you have viewed my first review on mining industry posted 2 months ago. This industry is a market fever now, an expected investment news in RP both in investment and production. If the government can just solve the environmental issues wrought about by mining, then this country will going to have a victory party.
#5 | Lovephileo @ 3 months ago WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER User Rank : 413 Portfoilo Balance: $1,110,169.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: yes eexpert, I guess you have viewed my first review on mining industry posted 2 months ago. This industry is a market fever now, an expected investment news in RP both in investment and production. If the government can just solve the environmental issues wrought about by mining, then this country will going to have a victory party.
#6 | Lovephileo @ 3 months ago WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER User Rank : 413 Portfoilo Balance: $1,110,169.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: yes eexpert, I guess you have viewed my first review on mining industry posted 2 months ago. This industry is a market fever now, an expected investment news in RP both in investment and production. If the government can just solve the environmental issues wrought about by mining, then this country will going to have a victory party.
#7 | Heartsoulofra @ 3 months ago User Rank : 28 Portfoilo Balance: $51,050.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: Kind a great expectation. The country needs to make a radical move for this country be saved from the current mess and depressions. I agreed the industry be pushed through but to be done with all safety and security .
#8 | Lovephileo @ 3 months ago WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER User Rank : 413 Portfoilo Balance: $1,110,169.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: as expected , this move might really spark another series of protest from rural and indigenous community. however, this consequence must be faced by the local governments. gruesome stories of the past mining activities is still a hot issue - But the fate of the nation is much more the citizens' concerned. If the nation will not make a radical move today, then we will totally be left behind//

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