PH miners look to US investors

MANILA, Philippines–The Chamber of Mines of the Philippines (COMP) is set to promote the Philippines among US investors, with the help of private merchant banking firm Murdock Capital Partners Corp.

Rocky Dimaculangan, COMP vice president for communications, said in a phone interview that representatives from publicly listed and private mining companies would participate in the one-day symposium in New York on July 18, where COMP president Philip Romualdez would present investment opportunities in the Philippines to US-based financial firms.

Investors can participate in Philippine mining ventures whether through equities in listed firms or direct investments in ongoing and potential projects, he said.

Earlier, Murdock Capital said in a statement posted on the COMP web site that the Philippine Resources Symposium in New York would be “the first of its kind in New York City [that is] specifically oriented toward the Philippine mining and natural resource sectors.”

With the support of the Philippine Consulate, the Department of Trade and Industry, the Philippine-American Chamber of Commerce and the Chamber of Mines of the Philippines, the symposium is expected to attract important analysts and investors from the New York investing community, Murdock Capital said.

“We believe that the ASEAN region, and specifically the Philippines, offers numerous investment opportunities for our client base,” Murdock Capital said.