Mining exports hit $2.1B in 2007
February 14th, 2008
Filed under: General News
From: Philippine Daily Inquirer
The mining sector exported $2.1 billion worth of products — gold, nickel, copper and silver — last year, up 61 percent from $1.3 billion in 2006, the Chamber of Mines of the Philippines reported.
It also contributed P13 billion in taxes and $1.4 billion in investments, the group said in a statement.
“The government is cashing in on the mining sector in view of its contribution to capital formation and its multiplier effects in community development,” it said.
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