Cimatu to keynote First Natural Resources Development Forum
Environment Secretary Roy Cimatu will be the keynote speaker in the 1st Philippine Natural Resources Development Forum on 26 April 2019 at the Marriott Hotel Manila in Pasay City.
The event is organized by the European Chamber of Commerce of the Philippines (ECCP) and aims to bring together decision makers and other key stakeholders from the Mining (Metallic and Non-metallic subsectors) as well as Upstream Oil & Gas, Coal subsectors to discuss challenges, opportunities, policy reforms and best practices in harnessing the country's natural resources and their contribution to sustainable development.
Philippine Resources Journal is a media partner for this event. Interested participants may register with the ECCP through this link.
The event brief states that the Philippines is endowed with bountiful metallic and non-metallic mineral resources. It is the fifth most mineral-rich country in the world for gold, nickel, copper, and chromite and has the world's largest copper-gold deposit in the world. It also exports some iron ore, chromium, zinc and silver, and produces oil and gas.
The Mines and Geosciences Bureau (MGB) estimates that the country has $840 billion worth of untapped mineral wealth.
Approximately 30 million hectares of land in the Philippines are possible areas for metallic minerals; nine million hectares of land are identified as having high mineral potential. The Philippines metal deposit is estimated at 21.5 billion metric tons and non-metallic minerals are at 19.3 billion metric tons.
The mining industry in the Philippines is a major source of economic activity but operates below potential. There is a considerable anti-mining sentiment in the country especially at subnational levels where environmental impact and displacement of indigenous peoples caused by mining operations have been the focus of much debate. Small-scale mining is also contentious, due to poor regulations and overlapping policies between central and local government.
The contribution to national development and share value of the mining industry can be further enhanced through better regulatory and enabling policies, best practices in value sharing, technologies and investments.
Gathering relevant stakeholders from the public and private sector as well as representatives from civil society organizations and academic institutions in this Development Forum provides a platform for a timely update on the latest situation and outstanding issues in the mining sector. New initiatives that are being taken will be discussed to address current issues and to support a sustainable mining future.