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Fast Facts: Mining and Quarrying Industry

/ 05:15 AM March 03, 2012

205,000 – estimated employed persons in the mining and quarrying sector according to the recent Labor Force Survey dated July 2011

P84 billion – estimated revenue/sales by the mining and quarrying industry as of November 2008

P110 billion   – estimated contribution of the mining sector to the 2010 gross domestic product, according to the Philippine Chamber of Commerce and Industry

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P144.4 billion – estimated worth of minerals produced in the country in 2010

$2.5 billion – estimated worth of metals exported by the country in 2010

$18 billion – country’s targeted amount of aggregate mining investments by 2016, according to the Department of Environment and Natural Resources

$840 billion – projected potential mineral production if the country’s entire mining reserves were mined, according to the Chamber of Mines of the Philippines

27 – total number of operating metallic mines in the country as of January 2012, according to the Mines and Geosciences Bureau (MGB)

300,000 – estimated small-scale miners in the country, as of December 2011, according to the Environmental Management Bureau

P50.5 billion – estimated worth of gold produced in the country from January to September 2011, according to MGB

P14.14 billion – estimated worth of copper produced in the country from January to September 2011, according to MGB  Inquirer Research

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Sources: NSCB, NSO, MGB and Inquirer Archives

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