PMEA Blog

By Estrella Torres, Reporter
The Business Mirror

AUSTRALIAN mining investors are worried by the growing antimining sentiments in the Philippines that cause security concerns in areas of project explorations, Canberra’s top official in Manila said.

Australian Ambassador to the Philippines Tony Hely said the mining sector in the Philippines continues to attract Australian investors in the last few years.

He said of the 23 priority mining explorations in the Philippines, seven of them have Australian interests.

“[But] they [referring to Australian investors] are not free from problems because of a number of reasons like mine-site security problems,” said Hely during an interview Tuesday night at the Australian embassy’s annual journalists’ reunion held at the ambassador’s residence in Makati City.
He said mining is now a lucrative sector for foreign investments, noting that in Mindanao alone, the total mining-exploration project reached $2 billion last year.

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