Mining in the Philippines: Trends and opportunities

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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Woodlark construction commences

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).

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Cloncurry – potential underground mine considerations

Minotaur Exploration announced the revamping and extension of the Eloise joint venture upon OZ Minerals attaining 70 per cent interest and contributing an additional AU$3million over the next two years – having already invested AU$4 million into the JV tenements.

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