PMEA Blog

MANILA-(MarketWatch)- Mining investments could reach $2.8 billion in the Philippines this year if Chinese investors proceed with plans to jointly develop mining projects in the country, a senior mining official said Tuesday.

There is a good chance that an initial target of $1.4 billion could be doubled if Chinese investors follow through in the last quarter on investments they have expressed interest in, Mines and Geosciences Bureau director Leo Jasareno said.

Sustained high prices of metals have been “driving interest” in thePhilippines mining sector, Jasareno told reporters.

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