The Philippines Rich Untapped Gold Mining Areas

Gold Mining – National Priority of the Philippines The Philippines is well aware of its gold and other valuable metals that are sitting under its ground and would like to carry on its mining activities by finding ways and means to overcome the land rights and environmental issues. The country views its untapped second largest gold reserve in the world as a breather that could help the government to sustain its annual economic growth. In 2010, the government announced its interest in focusing on gold mining as its national priority. Most market strategist forecast that mining would be the country’s booming sector, particularly in the wake of foreign investment expected to pour in the county. Huge foreign investing companies are needed by the government, as the boom is expected to open up a number of job and industrial opportunities for the local people. A number of foreign investors are interested in mining in the Philippines due to the positive responses of the government through its executive orders that would take care of the environmental issues related to mining activities. Investors in mining are positive about the one-stop permitting process for miners which are considered to be more transparent about contracts to avoid legal messes in the future. Also Read: Gold Mining and Prospecting in Indonesia Gold Mining and Prospecting in Malaysia Interesting facts about Philippines Gold Mining Industry