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Overview of the phil minerals potential

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Overview of the phil minerals potential

  1. 1. AN OVERVIEW OF MINERALSAN OVERVIEW OF MINERALS POTENTIAL AND OPPORTUNITYPOTENTIAL AND OPPORTUNITY IN THE PHILIPPINESIN THE PHILIPPINES Mining and Minerals – The new drivers of growth Minesand GeosciencesBureau Department of Environment and Natural Resources
  2. 2. Slide 2Mining Philippines 2005 PhilippinesPhilippines Porphyry Cu beltsPorphyry Cu belts Porphyry Cu beltsPorphyry Cu belts
  3. 3. Slide 3Mining Philippines 2005 N Philippine Sea Sulu Sea Celebes Sea Luzon Trough SouthChinaSea PHILIPPINETRENCH MANILATRENCH SULU TRENCH NEGROS TRENCH COT ABA TO TR. Simplified tectonic map of the PHILIPPINES TRENCHES IN THETRENCHES IN THE PHILIPPINESPHILIPPINES Volcanic arc terrane (Au, Cu, Fe, Pb, Zn) Ophiolite Terrane (Cr, Pt, Co, Ni, Cu- Pb-Zn, Au) 1.1. Manila TrenchManila Trench 2.2. Philippine TrenchPhilippine Trench 3.3. Negros TrenchNegros Trench 4.4. Sulu TrenchSulu Trench 5.5. Cotabato TrenchCotabato Trench
  4. 4. Slide 4Mining Philippines 2005 THE MINING INDUSTRY :THE MINING INDUSTRY : BRIEF OVERVIEWBRIEF OVERVIEW  PHILIPPINE MINING DATES BACK TO 16PHILIPPINE MINING DATES BACK TO 16THTH CENTURYCENTURY  RICH DIVERSITY IN BOTH METALLIC AND NON-METALLICRICH DIVERSITY IN BOTH METALLIC AND NON-METALLIC MINERAL RESOURCESMINERAL RESOURCES  SIGNIFICANT CONTRIBUTION TO ECONOMIC DEVELOPMENTSIGNIFICANT CONTRIBUTION TO ECONOMIC DEVELOPMENT OF THE COUNTRY & SKILL TRAINING OF WORKFORCEOF THE COUNTRY & SKILL TRAINING OF WORKFORCE  INDUSTRY SUBJECT TO GROWING SOCIAL NEEDS ANDINDUSTRY SUBJECT TO GROWING SOCIAL NEEDS AND DEMANDS, COUPLED WITH GREATER AWARENESS ANDDEMANDS, COUPLED WITH GREATER AWARENESS AND ACTIVISMACTIVISM  FAST EVOLVING REGULATORY REGIMES – MINING ACT OFFAST EVOLVING REGULATORY REGIMES – MINING ACT OF 1995 (RA No. 7942)1995 (RA No. 7942)  ONGOING REVITALIZATION OF THE MINERALS INDUSTRYONGOING REVITALIZATION OF THE MINERALS INDUSTRY WITHIN THE CONTEXT OF SUSTAINABLE DEVELOPMENTWITHIN THE CONTEXT OF SUSTAINABLE DEVELOPMENT
  5. 5. Slide 5Mining Philippines 2005 ONSHORE MINERALONSHORE MINERAL RESOURCESRESOURCES Mineral Land Distribution (In Hectares) Total Land Area of the Philippines Geologically Prospective Areas for Metallic Minerals Total Land Area Covered by Approved Mining Tenements 30.0% 68.6% 1.4%  Only 1.4% are covered by mining permits  9 million hectares more of potential sites for metallic minerals
  6. 6. Slide 6Mining Philippines 2005 OPERATING MINESOPERATING MINES 2 Big mines2 Big mines:: Victoria Gold MineVictoria Gold Mine Padcal Copper MinePadcal Copper Mine 4 Medium-scale nickel mines4 Medium-scale nickel mines Rio Tuba Nickel MineRio Tuba Nickel Mine Cagdianao Nickel MineCagdianao Nickel Mine Sigbanog Project of HMCSigbanog Project of HMC Taganito Nickel MineTaganito Nickel Mine 3 Medium-scale chromite mines3 Medium-scale chromite mines Masinloc Project of Benguet Corp., Omasdang Project of Crau Minerals Homonhon Project of Heritage Res. 5 medium-scale gold mines5 medium-scale gold mines Canatuan Project of TVI Acupan SSM Operations of Benguet Diwalwal Direct State Development Project of NRDC Banahaw Gold Project of Philsaga Mining Corp. Johson Gold Mining Corp. in Panganiban 15 Cement plants and quarries15 Cement plants and quarries
  7. 7. Slide 7Mining Philippines 2005 ECONOMIC CONTRIBUTIONSECONOMIC CONTRIBUTIONS OF THE MINERALS SECTOR (FY 2004)OF THE MINERALS SECTOR (FY 2004) Production Value P 41.5 Billion or 19% increase from CY 2002 Value Added Contribution P 18.0 Billion or 1.6% of Phil. GDP or 1.52% of the Phil. GNP (CY 2003) Exports US$ 638 Million or 1.8% of total Phil. Exports Paid-up Investments P 367 Million (CY2002) Employment 104,000 Wages and Benefits P 4 to P5 Billion Taxes and Fees Estimate P 2.1 Billion (CY 2002) Multiplier Effect For each mining job, 4 to 10 allied jobs created upstream and downstream
  8. 8. Slide 8Mining Philippines 2005 11 22 44 33 66 77 88 99 10101212 55 1111 Potential areas and deposits:Potential areas and deposits: 1. Luzon Central Cordillera – Au, Cu, Fe, Mn 2. Northern Sierra Madre – Cr, Ni, Cu 3. Zambales – Cr, Ni, Co, Pt, Cu, Au 4. Vizcaya-Aurora – Cu, Au 5. Bicol – Au, Fe, Cu 6. Southern Tagalog – Cu, Au, Ni, Co 7. Central Visayas – Cu, Au, Mn 8. Samar-Eastern Mindanao – Au, Cu, Fe, Cr, Ni, Co, Pt, Mn 9. North Central Mindanao – Cr, Cu, Au 10. Zamboanga Peninsula – Au, Cu, Cr, Fe 11. Southern Mindanao – Cu, Au 12. Palawan – Cr, Ni, Co, Pt, Au, REE
  9. 9. Slide 9Mining Philippines 2005 RESERVE: 163 million tons with 0.81% copper and 1.76 grams per ton gold; 1.8 Cu eq. FAR SOUTHEAST porphyryFAR SOUTHEAST porphyry copper - gold depositcopper - gold deposit RESOURCE: 300 million tons with 0.6% copper and 1 gram per ton gold. BOYONGAN porphyryBOYONGAN porphyry copper - gold depositcopper - gold deposit RESOURCE: 700 million tons with 0.81% copper and 0.32 gram per ton gold TAMPAKAN porphyryTAMPAKAN porphyry copper - gold depositcopper - gold deposit MAJOR DISCOVERIESMAJOR DISCOVERIES
  10. 10. Slide 10Mining Philippines 2005 Bato dacite (Pleistocene) Epithermal Cu- Au/ Au-(Ag-Pb-Zn-Cu) Imbanguila dacite (Pliocene) Bagon tonalite (Miocene) Basement rocks (Cretaceous- Miocene) Porphyry Cu-Au deposit/prospect 1 km N Simplified geologic map of the Mankayan mineral district Victoria gold deposit Far Southeast porphyry copper deposit Lepanto Enargite deposit Mankayan district Far SoutheastFar Southeast porphyry-copper goldporphyry-copper gold depositdeposit 163 M tons reserve163 M tons reserve 0.81% Cu0.81% Cu 1.76 g/t Au1.76 g/t Au 1.8% Cu eq.1.8% Cu eq.
  11. 11. Slide 11Mining Philippines 2005 Simplified geologic map of Surigao peninsula Boyongan porphyry-Boyongan porphyry- copper gold depositcopper gold deposit 300 million tons300 million tons 0.6% Cu0.6% Cu 1 g/t Au1 g/t Au
  12. 12. Slide 12Mining Philippines 2005 TampakanTampakan Cu-Au depositCu-Au deposit Tampakan Cu-AuTampakan Cu-Au depositdeposit > 1 billion T resource> 1 billion T resource 0.7% Cu0.7% Cu 0.3 g/t Au0.3 g/t Au
  13. 13. Slide 13Mining Philippines 2005 DIDIPIO porphyry copper -DIDIPIO porphyry copper - gold depositgold deposit (20.4 MMt, 0.65%(20.4 MMt, 0.65% Cu, 1.7 g/t Au)Cu, 1.7 g/t Au) AROROY gold depositAROROY gold deposit (71.3(71.3 MMt, 1.34 g/t Au)MMt, 1.34 g/t Au) PALAWAN HPP ProjectPALAWAN HPP Project (11.5(11.5 MMt, 2.3% Ni)MMt, 2.3% Ni) PIPELINE PROJECTSPIPELINE PROJECTS RAPU-RAPU polymetallicRAPU-RAPU polymetallic depositdeposit (7 MMt, 2.61g/t Au, 14(7 MMt, 2.61g/t Au, 14 g/t Ag, 1.24% Cu, 2.06% Zn)g/t Ag, 1.24% Cu, 2.06% Zn) CANATUAN gold projectCANATUAN gold project (954,763 Mt, 3.81 g/t Au; 1.4(954,763 Mt, 3.81 g/t Au; 1.4 MMt, 2.6% Cu, 1.61% Zn, 1.07MMt, 2.6% Cu, 1.61% Zn, 1.07 g/t Au, 63.3 g/t Au)g/t Au, 63.3 g/t Au) DIWALWAL gold depositDIWALWAL gold deposit (>6(>6 MMt, 0.8 g/t Au)MMt, 0.8 g/t Au)
  14. 14. Slide 14Mining Philippines 2005 BATONG-BUHAY porphyryBATONG-BUHAY porphyry copper-gold projectcopper-gold project (85.9 MMt,(85.9 MMt, 0.6% Cu, 0.25 g/t Au, 2.7 g/t Ag)0.6% Cu, 0.25 g/t Au, 2.7 g/t Ag) SAN ANTONIO porphyry copperSAN ANTONIO porphyry copper projectproject (178.3 MMt, 0.44% Cu,(178.3 MMt, 0.44% Cu, 0.09 g/t Au, 1.19 g/t Ag)0.09 g/t Au, 1.19 g/t Ag) AMACAN porphyry copper- goldAMACAN porphyry copper- gold projectproject (110 MMt,0.3% Cu, 0.43g/t(110 MMt,0.3% Cu, 0.43g/t Au; 133 MMt, 1.5-10 g/t Au)Au; 133 MMt, 1.5-10 g/t Au) KINGKING porphyry copper-KINGKING porphyry copper- gold projectgold project (353.5 MMt, 0.39%(353.5 MMt, 0.39% Cu, 0.44 g/t AuCu, 0.44 g/t Au OTHER PROJECTS ATLAS porphyry copperATLAS porphyry copper projectproject (872 MMt, 0.41% Cu)(872 MMt, 0.41% Cu) COPPERCOPPER
  15. 15. Slide 15Mining Philippines 2005 TERESA gold projectTERESA gold project (7.3 MMt,(7.3 MMt, 5.29 g/t Au)5.29 g/t Au) GOLDGOLD SIANA gold projectSIANA gold project (18.8 MMt,(18.8 MMt, 1.9 g/t Au)1.9 g/t Au) OTHER PROJECTS DIWALWAL gold projectDIWALWAL gold project (9.7(9.7 MMt, 7.0 g/t Au)MMt, 7.0 g/t Au)
  16. 16. Slide 16Mining Philippines 2005 OTHER PROJECTS NICKELNICKEL MINDORO nickel projectMINDORO nickel project (>200(>200 MMt, 0.94% Ni)MMt, 0.94% Ni) NONOCNONOC nickel projectnickel project (60 MMt,(60 MMt, 1.13% Ni, 0.094% Co, 33.31% Fe)1.13% Ni, 0.094% Co, 33.31% Fe) ADLAY projectADLAY project (18 MMt, 1.6%(18 MMt, 1.6% Ni, 0.1% Co)Ni, 0.1% Co)
  17. 17. Slide 17Mining Philippines 2005 Other Mineral Exploration Projects 1) Cordillera Au (Anglo-American) - Benguet 2) Surigao Cu (Climax) – Surigao del Norte 3) Siana Au (Red 5) – Surigao del Norte 4) Labo Au and Leyte Au (Indophil) – Camarines Norte & Southern Leyte 5) Nueva Vizcaya Au, Southern Leyte Au, Surigao Au (Oxiana) 6) Del Gallego Au (Phelps Dodge) – Camarines Norte 7) Pujada Ni (QNI/BHP-Billiton) – Davao Oriental) 8) New Bataan Au (Sur American) – Compostela Valley 9) Bayug Au (ZMC) – Zamboanga del Sur 10) Pan de Azucar Au and Lobo Cu-Au (MRL) – Iloilo & Batangas 11) Zambales Platinum (Kinloch Res.) - Zambales 12) Mabuhay Au (Pelican) – Surigao del Norte 13) Libona Au (Great Horizon) - Bukidnon 14) Pamplona Sulfur (Crew Dev) – Negros Oriental
  18. 18. Slide 18Mining Philippines 2005 OFFSHORE RESOURCES Manganese Magnetite Magnetite Magnetite Chromite Chromite Chromite Chromite Gold Gold  Philippines offshore area including EEZ 2.2 million Km2 • Placer minerals including gold, chromite, magnetite, silica  Potential offshore mineral resources: • Aggregate resources (sand & gravel) • Decorative stones, manganese nodules/encrustrations with associated copper, gold, zinc, cobalt • Polymetallic sulphide deposits containing gold, copper, cobalt, etc. • Offshore Palawan also holds resources of manganese
  19. 19. Slide 19Mining Philippines 2005 Areas of high interest COPPER-GOLDCOPPER-GOLD • Relatively unexplored extensions of mineral districts are highly prospective Baguio-MankayanBaguio-Mankayan districtdistrict Northern LuzonNorthern Luzon Central CordilleraCentral Cordillera Vizcaya-EcijaVizcaya-Ecija • Northern part of Luzon Central Cordillera remains relatively unexplored but is probably the best potential area • Encouraging geologic and mineral indications in Vizcaya- Ecija area Known district Areas of interest
  20. 20. Slide 20Mining Philippines 2005 • Surigao gold district holds promise for porphyry copper mineralization COPPER-GOLDCOPPER-GOLD Areas of high interest • Time for rational exploration in Diwalwal-Masara area • Zamboanga is an emerging district • Discovery of Tampakan grabs attention for Cotabato • Central Cordillera of Mindanao remains unexplored; gold panning activities reported. Surigao-AgusanSurigao-Agusan districtdistrict Diwalwal-MasaraDiwalwal-Masara districtdistrict ZamboangaZamboanga CotabatoCotabato MindanaoMindanao CentralCentral CordilleraCordillera Known district Areas of interest
  21. 21. Slide 21Mining Philippines 2005 We learn from success stories Recognition of telescoped epithermal-hypothermal deposit pairsRecognition of telescoped epithermal-hypothermal deposit pairs offers a new dimension in copper-gold explorationoffers a new dimension in copper-gold exploration
  22. 22. Slide 22Mining Philippines 2005 Recognition of telescoped epithermal-hypothermal deposit pairsRecognition of telescoped epithermal-hypothermal deposit pairs offers a new dimension in copper-gold explorationoffers a new dimension in copper-gold exploration We learn from success stories
  23. 23. Slide 23Mining Philippines 2005 OTHER METALS NICKELNICKEL • The Philippine nickel resource is the biggest in Southeast Asia • Improved technology makes low-grade lateritic ore viable IRONIRON • The increasing demand for iron is reviving exploration for the commodity in the Philippines • The spatial relationship of carbonate rocks with younger intrusives in the Philippines offers the possibility of finding new skarn deposits • Improving chromite prices could revive Philippine chromite mines in Zambales, Palawan, Samar, Dinagat and Zamboanga. CHROMITECHROMITE LEAD and ZINCLEAD and ZINC • Ophiolitic and Early Tertiary arc terranes in the Philippines holds much promise for VMS deposits similar to those of Lafayette in Rapu-Rapu island.
  24. 24. Slide 24Mining Philippines 2005 THE NEW MINERALS INDUSTRYTHE NEW MINERALS INDUSTRY AND SUSTAINABLEAND SUSTAINABLE DEVELOPMENTDEVELOPMENT• Enshrined in the 1987 Philippine Constitution, acknowledged in Philippine Agenda 21 and recognized in the WSSD Plan of Implementation. • Given flesh through the Philippine Mining Act of 1995, its revised implementing rules and regulations and recently, in EO No. 270, the National Policy Agenda Revitalizing Mining in the Philippines. • Advances the critical shift from purely regulatory compliance to sustainable development where: “Mineral resources development is undertaken in a transparent and sustainable manner guided by relevant laws, rules and regulations, industry guidelines and corporate responsibility and accountability; committed to the highest technical standards, management systems and practices; and engaged in a sustained process of consultation with local governments and communities, business groups, civil society and other industry stakeholders.”
  25. 25. Slide 25Mining Philippines 2005 FORTIFYING THE FOUNDATIONSFORTIFYING THE FOUNDATIONS FOR A REVITALIZED MINERALSFOR A REVITALIZED MINERALS INDUSTRYINDUSTRY  CLEAR, STABLE & PREDICTABLE POLICIES Streamlined procedures for mining applications Stable fiscal regime and equitable sharing  ADDRESS ENVIRONMENTAL & SOCIAL CONCERNS Rationalize environmental standards Strengthen protection measures and sureties  PROVIDE STRATEGIC DIRECTIONS ON MINERAL RESOURCES DEV’T
  26. 26. Slide 26Mining Philippines 2005 OUTCOME OF THE REVITALIZATIONOUTCOME OF THE REVITALIZATION OF MINERALS INDUSTRYOF MINERALS INDUSTRY • An industry with sustained exploration activities dominated by new generation, high profit potential mines able to absorb the profit objective of the contractor and the social and environmental costs of modern mining and contributing to the sustained economic well-being of the nation and in countryside community development; • A value-added minerals industry that paves the way to industrialization by generating wealth, employment and other benefits in both rural and urban regions and exporting finished products rather than raw materials;
  27. 27. Slide 27Mining Philippines 2005 • Recognition of multinational and state corporations with proven track record as pace-setter in modern technologies in mineral exploration, mine environmental management and social culture, and experience in the application of innovative technologies from whom the country could benefit in the discovery of new mineral deposits and in the management of mines; • Enhanced contribution of the mining sector to the economy with reduced social and environmental impacts; OUTCOME OF THE REVITALIZATIONOUTCOME OF THE REVITALIZATION OF MINERALS INDUSTRYOF MINERALS INDUSTRY
  28. 28. Slide 28Mining Philippines 2005 • A socially accepted and vibrant minerals industry demonstrating a track record of good corporate practice and engaging in enduring relationships with stakeholders; • Retrofitting of local operating mines & quarries and the management of public health & safety and environmental risks associated with abandoned/ inactive mines and their cost-effective transformation to targeted end-uses acceptable to local communities and other stakeholders; OUTCOME OF THE REVITALIZATIONOUTCOME OF THE REVITALIZATION OF MINERALS INDUSTRYOF MINERALS INDUSTRY
  29. 29. Slide 29Mining Philippines 2005 • A culture of change leading to a self-regulating minerals industry driven by the highest degree of professionalism, responsibility and accountability and dedication to continual improvement and commitment to Best Practice and sustainable development; • Improved environment for research & development and enhanced collaboration among Government, industry and academic research sectors, with increased participation of stakeholders, to build up the scientific base needed to support policy development and innovative response to unique industry challenges and opportunities; OUTCOME OF THE REVITALIZATIONOUTCOME OF THE REVITALIZATION OF MINERALS INDUSTRYOF MINERALS INDUSTRY
  30. 30. Slide 30Mining Philippines 2005 • Strong linkage with international organizations and active participation in international initiatives to learn and share and be part in developing international consensus and response to common issues on mining; and • Full government support at the local and national level, to mineral resources development as a development option for the country. OUTCOME OF THE REVITALIZATIONOUTCOME OF THE REVITALIZATION OF MINERALS INDUSTRYOF MINERALS INDUSTRY
  31. 31. Slide 31Mining Philippines 2005 VISIOVISIO NNA MINING AND MINERALS INDUSTRY THAT IS NOT ONLY PROSPEROUS BUT ALSO ECONOMICALLY, SOCIALLY AND ENVIRONMENTALLY SUSTAINABLE, WITH BROAD COMMUNITY AND POLITICAL SUPPORT, WHILE POSITIVELY AND PROGRESSIVELY ASSISTING IN THE GOVERNMENT’S PROGRAM ON POVERTY ALLEVIATION AND CONTRIBUTING TO THE GENERAL ECONOMIC WELL-BEING OF THE NATION
  32. 32. Slide 32Mining Philippines 2005 THANK YOU FOR YOUR ATTENTION For more information visit our website at: www.mgb.gov.ph

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