Why the Philippines remains an attractive mining prospect despite unfriendly policies

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The Philippines remains a compelling mining prospect despite policies unfriendly to the industry since 2012. Take the case of gold, a prime Philippine metal mineral. The country climbed two places in 2016 in the ranking of the world’s largest gold producing countries, according to the latest GFMS Gold Survey by Thomson Reuters.

The country took the 17th place in the list of top 20 gold producing countries in 2016, up two spots from 19th in the previous year. Gold mine production in the country was also higher with 48.5 tons of gold produced in 2016 compared to 46.7 tons produced in 2015.

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Philippines ranks among top gold producing countries by BusinessWorld