The Philippines holds the world’s second largest gold reserves, and applications from foreign mining firms are piling up to tap that plus a list of other metals that basically just sit under the ground now. Mining made up just 0.72 of the impoverished Southeast Asian country’s economy in 2012 as gold production fell back 50% to 15,762 tons that year. Access to the $1.4 trillion Philippine mining sector, rich also in copper and nickel, has been mired since the 1980s in klutzy laws, environm...
The Philippines holds the world’s second largest gold reserves, and applications from foreign mining firms are piling up to tap that plus a list of other metals that basically just sit under the ground now. Mining made up just 0.72 of the impoverished Southeast Asian country’s economy in 2012 as gold production fell back 50% to 15,762 tons that year. Access to the $1.4 trillion Philippine mining sector, rich also in copper and nickel, has been mired since the 1980s in klutzy laws, environm...
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