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Economy, Mining

world prices, chromium, government initiatives, nickel, mining industry

The Philippines has extensive deposits of valuable metallic and mineral ores, including copper, gold, silver, chromium, lead, and nickel. Copper is the country’s leading mineral product. In 2000 the Philippines produced 32,000 metric tons of copper. The mining industry grew rapidly in the 1970s in response to government initiatives. In the mid-1980s, however, output in the metallic sector entered an overall decline as world prices for metals weakened. The nonmetallic sector, meanwhile, was stimulated by a rising domestic demand for coal. The country’s plentiful coal deposits were explored as an alternative to costly petroleum imports, and the mining of coal increased substantially after 1979. In 1999 the Philippines produced 1.21 million metric tons of coal.



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world prices, chromium, government initiatives, nickel, mining industry, Philippines, metals, silver, gold, output, alternative, response

 
 

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