Home / Metal News / Copper / Philippine Govt: Will Continue To Encourage Investment In Mining
Philippine Govt: Will Continue To Encourage Investment In Mining
Jul 5,2010 09:17CST
industry news

MANILA, Jul 02, 2010 (Dow Jones Commodities News via Comtex) --The Philippine government Friday assured investors in the mining industry that it will continue to encourage investment in the sector.

"We will continue to encourage sustainable mining," Ramon Jesus Paje, the newly appointed Environment and Natural Resources Secretary, told reporters.

Changes in the country's laws during the administration of former president, Gloria Macapagal Arroyo, opened the industry for greater foreign investment in mining.

The Philippines' Chamber of Mines has projected that it could attract $10 billion-$12 billion in investment by 2013.

Critics of the mining industry continue to be a strong lobby group in the Philippines.

mineral resources
mineral resources development

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news