Rio Tinto is working with the Mongolian government to ensure Oyu Tolgoi is operating in accordance with the restrictions authorities have put in place to contain the spread of COVID-19.
Philippine Environment and Natural Resources Undersecretary for Climate Change and Mining Concerns Analiza Teh said the potential of the mining sector to be in the forefront of economic development in that country “has yet to be completely realized.” Teh spoke at the opening of a three-day Mining Conference held at Sofitel Philippine Plaza in Pasay City.
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.
Following the successful AU$40 million capital raising announced in late October 2019, Geopacific Resources has commenced civil construction at the 1.6Moz Woodlark Gold Project on Muyua Island (Woodlark Island), Papua New Guinea (PNG).