PMEA Blog

The Philippines, a country with an abundance of natural resources, has remained a largely untapped market for the mining industry. However, it seems the Filipino government has finally decided to start capitalizing on its inherent asset by pursuing investor-friendly reforms designed to benefit all stakeholders.

The debate over the exploitation of the country’s vast mineral deposits largely stemmed from an extended period of poor regulatory oversight and substandard environmental practices on behalf of the private sector. A prime example came just after the passing of the Mining Act of 1995 when it was discovered that mine tailings had been spilling into the now dead Boac River as a result of negligent mining in the Marcopper Mines in Marinduque.

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