The Philippines is revitalizing its mining sector under President Marcos Jr., positioning the country as a key destination for mining investment.
With just 5% of its estimated $1 trillion in mineral resources explored, the country holds vast potential. Pro-mining policies have already driven a 32% increase in metal production in 2022, supported by bipartisan backing and long-term security through 25-year renewable permits.
Key projects like the Tampakan copper-gold mine and Celsius Resources' MCB copper-gold project underscore the opportunities available. Celsius recently cleared a major regulatory hurdle, allowing it to proceed with funding for its development.
Beyond mining, the Marcos Jr. government is attracting broader investments in infrastructure, energy, and digital transformation. The Philippines aims to achieve middle-income status by 2025, banking on continued economic growth. With significant mineral wealth and investor-friendly policies, the country is set to become a major player in the global mining industry.
Article from The Australian Business Review. Read more here or in the PDF below.