The preliminary analysis of The Philippines mining industry from DSMAC
Zhengzhou Dingsheng Engineering Technology Co., Ltd
Technology, Construction engineering, Mining
In recent years, according to the demands of national economic development, the Philippine government advocated mining reform vigorously. The Philippine mining recovery program was raised, and they proposed to cultivate flourishing and competitive mining system to attract more mining investment, create employment opportunities. Through the revival of the Philippines mining, the Philippine can increase government revenue, reduce poverty, and promote economic growth.
Despite its small area, the Philippines are one of the world's richly endowed countries in terms of mineral resources. In 1994, the estimated levels of metallic and non-metallic mineral reserves stood at 7 billion metric tons and 50 billion metric tons, respectively. Copper accounted for the bulk of metallic mineral resources of about 72 percent; while nickel’s share was estimated at 16 percent (Figure 1). Among the non-metallic minerals, limestone and marble accounted for about 39 and 29 percent, respectively (Figure 2). In terms of chromite resources, the Philippines is also one of the most endowed countries. In fact, the country's refractory chromite resource in Zambales is considered as one of the largest in the world.
Comparing with the Philippines, China is the relative lack of national mineral resources. Therefore, both agreed to further strengthen bilateral cooperation, combing with the geographic location advantages. China cooperated with the Philippines to develop the mineral resources of the Philippines will bring a win-win ending for both countries.
The mining industry plays a very important role in the country’s economic development. For one, the industry provides employment opportunities to a significant portion of the population, directly and indirectly. The launching of a mining project spurs local and regional economic development as mining firms invest in road infrastructure, utilities, and other facilities within the mine site. Mining, likewise, contributes to the country's foreign-exchange earnings through exports. Furthermore, the industry provides additional revenues for the government through taxes and fees paid on mining and other related activities. The mining activities involve operations that have significant impact on the environment. In most facets of the mining activities, there is always the potential for environmental and ecological problems -- from the construction of mining facilities, the extraction of ore, to the processing of minerals.
DSMAC is a global manufacturer and marketer of ores crushing solution, products and services used in mining, metallurgy, chemical industry, construction waste recycle, building materials, coal industry, etc. Also DSMAC has a long history of manufacturing quality crushing, feeding and screening equipment and stone production line.
The company offers a comprehensive range of on-target crushing solutions and has earned a reputation for technical excellence, superior service, and on-time, on-budget delivery. There is also a team of professional engineer passionately committed to bringing leading edge design technology coupled with a proactive philosophy on customer service and support.
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