Mining investments reach over $200 million in Q2

Reuters
First Posted 16:19:00 08/28/2008

MANILA, Philippines — The Philippine mining sector drew over $200 million in investments in the second quarter, a senior official said Thursday, bringing the first-half figure to about a third of the government’s target for the year.

Investments reached about $300 million in the six months to June, including the $68 million registered in the first quarter, Horacio Ramos, director of the mines and geosciences bureau, told reporters.

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