Mining Potential and Economic Contribution
Mining Potential and Economic Contribution
Mining Potential and Economic Contribution
Mineral Resource Potential. The Philippines is one of the highly mineralized countries in the
world with 9 million hectares considered to have high mineral potential. According to the Mines
and Geosciences Bureau (MGB), the country is ranked top five in the world for overall mineral
reserves, second in gold and third in copper resources. The Philippines has untapped mineral
wealth worth at least (PhP47 trillion) in gold, copper, nickel, chromite, manganese, silver and
iron. This is ten times the countrys annual gross domestic product (GDP). The Philippines gold
reserves alone can amount to PhP7.36 trillion, or about 76 percent of the countrys GDP of
PhP9.73 trillion in 2011. This amount, according to the National Statistical Coordination Board
(NSCB), is enough to completely end poverty in the country, which remains the greatest
challenge facing the government.
resources/ecosystem
being
managed
to
ensure
sustainable
Reducing inputs
Water
Water is used in a number of applications at mine sites. By diverting surface water and pumping
groundwater, mining operations can reduce both the quantity and quality of water available
downstream for aquatic ecosystems and other industrial and municipal water users.
Energy
The extraction of fossil fuels (coal, oil, and gas), and the construction of infrastructure required
for energy generation have their own environmental impacts, including the production of
greenhouse gases and increased risk of environmental contamination along the energy supply
route. Reducing energy consumption at mines can reduce greenhouse gas emissions and
extend the life of fossil fuel reserves in addition to reducing operating costs and therefore the
cost of the commodity being mined.
Reducing outputs
Waste
Mine waste includes solid waste, mine water, and air particles, which can vary significantly in
their composition and potential for environmental contamination. In addition to preventing soil,
water, and air pollution, waste management plans are required in order to select and design
appropriate storage facilities for the large volumes of waste produced at most mine sites.
Restoring environmental function at mine sites
Mine site reclamation and closure activities aim to restore land disturbed by mining activities to
an acceptable state for re-use by people or ecosystems.
4. Give your own ideas on how these resources should be managed?
Address the environmental, economic, health and social impacts and benefits of mining
through their life cycle, including workers' health and safety;
Increase the participation of stakeholders, including local and indigenous communities
and women;
Promote sustainable mining practices through the supply of financial, technical and
capacity-building support to developing countries and countries with economies.
Bibliography:
http://www.miningfacts.org
https://sustainabledevelopment.un.org
MINING
IN THE
PHILIPPINES