Philippines Malitao Dilong
The Philippines is located in the Pacific Ring of Fire, the circum-Pacific belt of volcanic activity that contains much of the world's copper-gold resources. The area is particularly prolific in copper and gold deposits and hosts several of the world's largest copper/gold mines, including the Grasberg and OK Ted mines. The Philippines is ranked globally as the third largest gold producer, fourth for copper and fifth for nickel. Among the Southeast Asian countries, the Philippines have the greatest number of proven deposits of metallic and non-metallic minerals.
The Philippines is a mining friendly country with existing minning laws which allow co-production, joint venture, mineral production sharing agreements (MPSA) and financial and technical assistance agreements (FTAA) for large-scale mining projects. The government revised its mining laws in 2005 and granted tax incentives to revitalize the mining industry. This has generated a great deal of interest in the region.
In addition to the attractive mineralization and positive mining policy, the country also has an abundance of Filipino professional geologists and mining engineers who have extensive experience in mineral exploration and mining operations.
A natural gateway to other Asia Pacific economies, the Philippines has flourishing trade links with the region. Rising metal prices, combined with the high demand for metals from countries such as China and India, make the location of the Philippines ideal for companies such as Philippine Metals.
The country has a stable and democratic government and a free market economy.