Philippine Miners Optimistic Over $34 Billion Project Pipeline
- Industry group comments amid new government’s mining audit
- Sector open to revenue-sharing deal with Duterte government
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The Philippines’ mining crackdown will separate good companies from bad ones and the industry is optimistic over prospects for $34 billion in projects to be developed in the next six years.
Most of the Chamber of Mines of the Philippines’ 20-plus members meet international standards and comply with the country’s environmental regulations, Executive Vice President Nelia Halcon told a briefing in Manila on Monday.