Published: Tuesday, 30 June 2020 08:22
Written by ASIA Miner News
The Philippines is the fifth most mineralised country in the world, with the third largest deposits of gold, fourth for copper, fifth for nickel and sixth for chromite. The nation’s mineral resource assets are valued at around A$1.32 trillion, but those remain largely untapped. The country’s total land area covered by mining tenements is only 0.872 million hectares or 2.91 per cent of the country’s 30 million total land area. In terms of non-metallic minerals, the country has untapped coal resources estimated at about 2.4 billion tonnes.
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