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News

  • The pipeline of mine projects expected to be operational by 2019 is expected to attract over $20 billion worth of investment in 10 years beginning 2016, according to the Chamber of Mines of the Philippines. An estimated $2.25 billion is expected from 2 mine projects due to enter operations in 2016; $6 billion from 3 projects in 2017; $14.75 billion from 5 projects in 2018; and $2 billion from the sole project expected in 2019 which is the Far South East Gold project of Lepanto Mining Corp. in Benguet. All these investments will come on top of about $18 billion in exploration expenditure and are expected to increase production and exports of minerals and metals, with incremental export receipts of $2 billion annually.

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