|Largest city||Quezon City|
|Recognised regional languages||19 languages|
|Ethnic groups(2010)||33.8% Visayan|
|Religion||Christianity • Islam •Philippine religion •Buddhism|
|Pinoy (colloquial masculine)|
|Pinay (colloquial feminine)|
|Government||Unitary presidentialconstitutional republic|
|President||Benigno S. Aquino III|
|Vice President||Jejomar Binay|
|Senate President||Franklin Drilon|
|House Speaker||Feliciano Belmonte, Jr.|
|Chief Justice||Maria Lourdes Sereno|
|Lower house||House of Representatives|
|Total||300,000 km2 (73rd)|
|115,831 sq mi|
|2015 estimate||102,771,300 (12th)|
|GDP (PPP)||2016 estimate|
|GDP (nominal)||2016 estimate|
|Currency||Peso (Filipino: piso) (₱)(PHP)|
- The Philippines is endowed with US$ 1.4 trillion in mineral reserves, including gold, copper, nickel, aluminum, and chromite. The mining potential is one of largest in the world; being second in in gold and third in copper resources. The country is also ranked top five in the world for overall mineral reserves, although less than 2% has received mining permits.
- The Government has proposed to significantly raise taxes on the mining industry, and with national elections to be held in May 2016, the industry is waiting to see what the next administration’s policy will be when it comes to minerals development.
- There is discussion to declare some jurisdictions as “mining-free” zones, both through local ordinances and national law.
- The Philippine mining industry is promoting the passage of a rational and competitive mining fiscal regime that gives the government a fair share in mining revenues. It would allow for inclusive growth in host communities, and give investors security and allows them a fair and reasonable return on their investments.
|Number of Existing Mines|
|4||Copper mines (with gold silver & zinc)|
|1||Nickel Processing Plant|
|1||Copper Processing Plant|
|2000+||Sand and gravel, and other non – metallic small-scale mines|
|Main Mining Companies|
|Atlas Consolidated Mining Carmen||Copper, Mine|
|Philex Mining, Padcal Mine Operation & Boyongan||Copper, Gold|
|Lepanto Consolidated Moning Co. Mankayan||Gold|
|Nickel Asia Corporation, Rio Tuba, and Cagdianao||Nickel|
|Benguet Corporation, Acupan Gold and Sta Cruz||Nickel|
|Filminera/CGA Mining Masbate||Gold Project;|
|Oceanagold, Didipio||Copper-Gold Mine|
|Sagittarius Mines Inc. Tampakan||Copper-Gold Project|
|Gold Fields/Lepanto Far Southeast||Copper-Gold Project|
|Atro Mining Intex/Mindoro Nickel||Nickel laterite, rare earths|
|Philsaga Mining, Co-O||Gold Project|
|Asiacicus Management Corp||Pujada Nickel Project|
|TVI Resources Ltd. Balabag||Polymetallic Project|
|Nadecor, Kingking||Copper Project|
|FCF Minerals, Runruno||Gold Project|
|Pacific Nickel Philippines Inc.||Nickel Project|
|B2Gold/Filminera Resources Corp.||Gold|
- The Philippines is a stable democracy, English speaking, with a long history of mining and relationships with Canadian engineering and supply companies.
- The economy is fundamentally sound with developed mining laws.
- The Philippine mining industry has purchased from Canadian suppliers for more than 30 years and there is a great respect for Canadian expertise.
- It’s critical to develop a local presence at an early stage. In some cases the solution is to find a regional partner to service a broader market area if they are experienced in several markets.
- Always understand who the key EDC player is in the region you are expanding into. EDC offers guidance for Canadian mining suppliers and also major funding for mining companies on their new projects. Get you value into the equation as EDC spends Canadian dollars.
- The Canadian Trade Commission Service is critical to building and implementing your strategy into a new market. Always introduce yourself to the TCS before doing business in a new country.
- The mining Industry has objected to draft legislation which levy’s an inordinately high tax rate that would make the country uncompetitive for foreign investments.
- The government is proposing a ban on the export of unprocessed mineral ores similar to many other emerging countries.
- The relatively high power cost and lack of power may make minerals processing uneconomical when compared to countries such as Indonesia.
- The generally lower quality of nickel ore, coupled with the lower overall ore resources make the construction of expensive ferronickel or electric arc furnaces unfeasible.
- The lower quality of locally produced coal and the non-availability of local coking coal is an obstacle whereas Indonesia has large quantities of both.
- There is considerable illegal mining in some jurisdictions as local governments wield significant power including political insurgencies in Mindanao and the Sulu Archipelago.
- Investors are in a wait and see posture as Mining free zones being proposed, These proposed “no-go” zones would enlarge the areas closed to mining applications.