Mining - Arangkada Philippines
With an estimated US$ 1.4 trillion in mineral reserves, especially gold, copper, nickel, aluminum, and chromite, the mining potential of Philippines is one of largest in the world. According to the Mines and Geosciences Bureau (MGB), the archipelago is second in the world in gold and third in copperNSCB - Philippine Economic-Environmental and Natural,,However, copper reserves suffered a setback in 1990, when it declined by 7.2 percent from the previous year’s level before resuming its increasing trend. From 1988 to 1994, the extraction of copper ore registered a decreasing trend, with an annual average decline of 12.1 percent.The Philippines: Minerals & the Mining Industry - Tagalog Lang,Minerals & the Mining Industry Posted in July 2009. The Philippines has substantial copper, chromite, and gold deposits, and the country also is rich in many other minerals, including coal, cobalt, gypsum, iron, nickel, silver, and sulfur.