Iron ore mines in Philippines to start production in 2009
October 27th, 2008
Filed under: General News
It is reported that five companies including Global Steel Corporation are eyed as market by the first iron mine to rise in the Philippines after 40 years. The mine is set to start production from Bayog, Zamboanga del Sur by the Q1 of 2009.
Covering a total claim of 60,000 hectares, the Bayog iron mine is seen to produce one million tonnes of iron yearly. For the next 5 to 7 years it is targeted to produce three million tonnes yearly.
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