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Friday, November 18, 2005
Mining soon to regain 'lost stature': group
ALTHOUGH the estimated 25 percent of the country's exports was contributed by the mining industry during its heyday in the 1970s and 1980s plummeted to only about two percent in recent years due to a "slump" in production, this is expected to again rise in the very near future.
Thus said Philippine Mine Safety and Environment Association (PMSEA) president Ernie Rodriguez during a media forum that marked the opening of their 52nd Annual National Conference in Baguio City.
Mining advocates said with the Supreme Court (SC) decision finally declaring the legality of the Mining Act of 1995, several big inventors have already signified their interest to operate in the country.
In 2004 alone, statistics from the Department of Environment and Natural Resources-Mines and Geosciences Bureau (DENR-MGB) Regional Office revealed that a total of 4,960 kilograms of gold valued at P3,498,059,458 was produced in the Cordillera region.
This was aside from 6,928 kilos of silver worth P34,502,799, among other metallic and non-metallic products like copper, quicklime and slakelime mined in the city.
Of the 4,960 kilos of gold produced last year, 2,200 kilos have been shipped to England while another 1,150 kilos have also been exported to Japan.
Out of the 6,928 kilos of silver also taken in the region during the same period, 3,685 kilos have been sold to England while a smaller shipment of 1,257.47 kilos has also been transported to Japan. (ENO)
(November 18, 2005 issue)
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