Philippine mining investments fall sharply

Thanks to President aquino we have a sensible and sustainable policy in mining.

The Philippines being a mineral rich country is a myth. The island of the Philippines are all volcanic in nature and relatively young. There is no way in world the Philippines can effectively compete with other countries in terms of volume and availability of space to mined. The basic commodities producers in world are located in South Africa, China, Russia, Brazil, Chile, Australia, Indonesia, India, USA and Canada. All produce the bulk of copper, aluminum and steel to power the industry. Exotic metals are found mostly in Africa, Australia, China and USA. The most common characteristic of these countries is the absence of rain for open pit mining and rail transportation to  transport massive amounts of ore. The exception are Brazil and Indonesia where deep underground mining is prevalent. Do not fool yourself there is no economic mining ventures in the Philippines other than possibly nickel and gold. The Philippines should focus instead on high value agriculture, aquaculture and meat production were the presence of plentiful rain and surrounded by seas is good. The whole world will need more food and high value crops in the Future and Philippines should improve its productivity, storage and transportation of these high values crops. The other issue that increasingly is showing some attention by the government is tourism sector and this should be encouraged however there is a big disconnect between government programs and the private sector which fails to address the underlying inadequacy of accommodations, transportation and security of tourist to make them come back. The Philippines is lacking a compelling story to tell and the experience of repeat tourism is non existent

ok i just put up the money you just put up your opinion
and sit and do nothing mr welfare

yes this stinks of more corruption. starve out the investers that put up all the seed money and then the corrupt government officials send in the family to pick up the scapes at 5 cents on the dollars. It will be just a matter of time before this comes back to kick the philippines when china invades your country and you have no support in the free world because of the corruption that has stolen millions of forgien investors. remember without forgien investment you dont have the support of their armies. the end is near either corruption or the philippines your government will decide which one that will be . good luck needs to be good governance.  ealicer your thought process is the problem  no respect for the people that put up the money to make things happen you expect things for nothing free handpouts. you need to getr off your lazy backside a work just like the investors who have worked hard for thier money and have invested it in your mining industry