Philippines Mining sector open for business

At the forefront of the resurgent of the Philippine mining sector.

Philip Romualdez, CEO of Benguet Corp, President of the ASEAN Federation of Mining Associations and the Chamber of Mines, talks to Finance Asia about the problems and prospects of moving the sector forward.

What are the key challenges facing the mining sector in the Philippines

Well it is risk capital. As of mid year, over the prior 18-months foreign direct investment into the mining sector totaled over $500 million. So we can point to projects such as nickel processing plants to copper polimetalic mines being developed, new exploration and advancing projects from exploration to feasibility. The Philippine government has identified a number of projects, 23 in-fact, that...

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