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The latest government figures show that the Philippines, a major supplier of nickel ore to top metals consumer China, produced 35.14 million dry metric tons last year, an increase of 19% on the year.
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund.
The PSE Mining and Oil Index is the sub-index of the Philippine Stock Exchange for mining and oil companies. It is one of the six sub-indices of the PSE that provide a useful measurement of sectoral performance. [1] Lepanto Consolidated Mining Company and Philex Mining Corporation used to be listed in the PSE until their removal in the 2010s.
President Marcos signs into law Republic Acts No. 12064 or the Philippine Maritime Zones Act, defining the Philippines' maritime jurisdiction and rights within the said territory, and 12065 or the Philippine Archipelagic Sea Lanes Act, establishing three archipelagic sea lanes to be opened for use by foreign ships and aircraft transiting ...
The Philippines consumes more coal than it can produce and coal is the main source of electricity. 20% of the country's coal supply is used by the cement industry (in 2005). [ 1 ] As of September 31, 2005, the in situ coal reserves of the Philippines amounts to 458 million metric tons which is about 18% of the country's total coal resource ...
Mining for nickel, copper and cobalt is causing environmental damage in developing countries such as the Philippines, [35] Indonesia and the Democratic Republic of Congo. [36] [37] Nickel mining has contributed significantly to deforestation in Indonesia. [38] However electric vehicles are better for the environment than fossil-fuelled vehicles.
U.S. futures and oil prices fell. Japan's core inflation rate, which excludes fresh food prices, rose 2.7% year-on-year, surpassing expectations. The data followed the Bank of Japan's decision on ...
Mining industry has made a great contribution to the growth of gross domestic product , the life and health of miners are not fully respected by the whole industry. In order to effectively address the Occupational Safety and Health (OSH) problems for the miners in Asia, 11 countries discussed this issue in Ulaanbaatar, Mongolia. [ 2 ]