Precious Metals

Aside from special events, the Chamber also participates in some annual and international affairs. Over the weekend of Sep. 15 – 17, 2015, The Chamber of Mines held the “Mining Philippines 2015 International Conference.” The three-day event had a full schedule, and Chamber members had a lot on their plate. The first day of the event was dedicated to the opening ceremonies and then a series of round table focused group discussions. The two topics covered were named “Mining Matters: Unaccounted Benefits of Mining Operations” and “Mining Taxation in ASEAN – Analyzing Philippine Competitiveness.” Various sessions took place over the second and third days on a number of important mining topics. Some of these include Exploration and Investment Trends, Global Megatrends and the Workforce of the Future in the Resources Sector, The Challenge of Governance, What is Mining to Philippine Development?, and Probing the Minds of Our Leaders. After the event, members had a new advantage of networking, information on industry advancements, and seminars on leadership.

What are They Mining?

With all this talk about mining, miners, and their related industries, it is also critical to understand the mining culture of the Philippines. There are four main mineral resources in the country. They are coal, copper, gold, and nickel. Five mines relate to the excavation of these minerals. For coal, the Malangas Coal Reservation is located in Zamboanga Sibugay, Philippines. In the 2008 numbers, the mine produced 110.54 thousand metric tons of coal. Copper production is separated into three mines: the Boyongan, Canatuan, and Tampakan mines. Located on the island of Mindanao, the Canatuan is a controversial mine is found in the province of Zamboanga del Norte. The mine also produces zinc and gold. The controversy stems from control of the mine by a Canadian company based out of Calgary, Alberta, namely Toronto Ventures Incorporated. The country’s largest nickel deposit is found in Palawan in the Western Philippines at the Rio Tuba mine. Estimates into the reserve of nickel at the site are over 60 million tons. The Rio Tuba mine was founded in 1975 and is still highly active to this day.

Conclusion

Mining of a critical component of the Philippine economy and society. Although some of the mines are highly controversial for their practices, environmental impact, and foreign control, there are institutions in place that work in the best interest of the country’s mines. The Chamber of Mines of the Philippines is one such endeavor. They put forth their heavy arm into cleaning up the mining industry and making it a sustainable economic option. Membership to this chamber get the best prices on precious metals and it is simple for business men in the Philippines who are free of corruption and have a desire to grow their country’s mining, quarrying, and processing of precious minerals. Resources are rich in the tropical country, with large deposits of coal, copper, nickel, gold, and zinc present at various sites. The Chamber’s reach is just as rich, putting forth all of the country’s top minds for the pursuit of a better country and cleaner planet.

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