Sunday, March 18, 2007
Manila sees sharp rise in copper, gold output
Gulf Times
Philippine copper output is expected to rise 85% this year and gold output by 16% due to the opening of new mines funded by foreigners, Environment Secretary Angelo Reyes said yesterday.
“Our projections show that, indeed, the Philippine mining industry is facing a major take-off in the next two to three years as five of the world’s largest mining players are now in the country doing exploration and mining development,” Reyes told Reuters in an e-mail, in response to questions.
Philippine copper output is expected to rise 85% this year and gold output by 16% due to the opening of new mines funded by foreigners, Environment Secretary Angelo Reyes said yesterday.
“Our projections show that, indeed, the Philippine mining industry is facing a major take-off in the next two to three years as five of the world’s largest mining players are now in the country doing exploration and mining development,” Reyes told Reuters in an e-mail, in response to questions.
Labels: Copper
