PMEA Blog

A Mines & Geosciences Bureau official said in a press briefing at the sidelines of the Mining Philippines 2010 Conference and Exhibit that mining investments hit at least USD 600 million in the first half of 2010. Those investments, however, had already been programmed as part of ongoing projects.

Mr Edwin G Domingo director of MGB said that most projects are on track. He added that “Realized investments have reached USD 600 million to USD 700 million, almost half of the projected USD 1.429 billion mining investments for 2010. With the way things are moving, we are optimistic that the target will be reached.”

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