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AN OVERVIEW OF MINERALS POTENTIAL AND OPPORTUNITY IN THE PHILIPPINES

Mining and Minerals – The new drivers of growth. AN OVERVIEW OF MINERALS POTENTIAL AND OPPORTUNITY IN THE PHILIPPINES. Mines and Geosciences Bureau Department of Environment and Natural Resources. THE CIRCUM-PACIFIC BELT OF FIRE. Porphyry Cu belts. Philippines. Porphyry Cu belts.

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AN OVERVIEW OF MINERALS POTENTIAL AND OPPORTUNITY IN THE PHILIPPINES

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  1. Mining and Minerals – The new drivers of growth AN OVERVIEW OF MINERALS POTENTIAL AND OPPORTUNITY IN THE PHILIPPINES Mines and Geosciences Bureau Department of Environment and Natural Resources

  2. THE CIRCUM-PACIFIC BELT OF FIRE Porphyry Cu belts Philippines Porphyry Cu belts

  3. TRENCHES IN THE PHILIPPINES • Manila Trench • Philippine Trench • Negros Trench • Sulu Trench • Cotabato Trench Volcanic arc terrane (Au, Cu, Fe, Pb, Zn) Ophiolite Terrane (Cr, Pt, Co, Ni, Cu-Pb-Zn, Au)

  4. THE MINING INDUSTRY : BRIEF OVERVIEW • PHILIPPINE MINING DATES BACK TO 16TH CENTURY • RICH DIVERSITY IN BOTH METALLIC AND NON-METALLIC MINERAL RESOURCES • SIGNIFICANT CONTRIBUTION TO ECONOMIC DEVELOPMENT OF THE COUNTRY & SKILL TRAINING OF WORKFORCE • INDUSTRY SUBJECT TO GROWING SOCIAL NEEDS AND DEMANDS, COUPLED WITH GREATER AWARENESS AND ACTIVISM • FAST EVOLVING REGULATORY REGIMES – MINING ACT OF 1995 (RA No. 7942) • ONGOING REVITALIZATION OF THE MINERALS INDUSTRY WITHIN THE CONTEXT OF SUSTAINABLE DEVELOPMENT

  5. ONSHORE MINERAL RESOURCES • Only 1.4% are covered by mining permits • 9 million hectares more of potential sites for metallic minerals

  6. OPERATING MINES 2 Big mines: Victoria Gold Mine Padcal Copper Mine 3 Medium-scale chromite mines Masinloc Project of Benguet Corp., Omasdang Project of Crau Minerals Homonhon Project of Heritage Res. 4 Medium-scale nickel mines Rio Tuba Nickel Mine Cagdianao Nickel Mine Taganito Nickel Mine Sigbanog Project of HMC 5 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 quarries

  7. ECONOMIC CONTRIBUTIONS OF THE MINERALS SECTOR (FY 2004)

  8. 1 2 4 3 5 6 7 8 9 12 10 11 Potential areas and deposits: • Luzon Central Cordillera – Au, Cu, Fe, Mn • Northern Sierra Madre – Cr, Ni, Cu • Zambales – Cr, Ni, Co, Pt, Cu, Au • Vizcaya-Aurora – Cu, Au • Bicol – Au, Fe, Cu • Southern Tagalog – Cu, Au, Ni, Co • Central Visayas – Cu, Au, Mn • Samar-Eastern Mindanao – Au, Cu, Fe, Cr, Ni, Co, Pt, Mn • North Central Mindanao – Cr, Cu, Au • Zamboanga Peninsula – Au, Cu, Cr, Fe • Southern Mindanao – Cu, Au • Palawan – Cr, Ni, Co, Pt, Au, REE

  9. FAR SOUTHEAST porphyry copper - gold deposit RESERVE: 163 million tons with 0.81% copper and 1.76 grams per ton gold; 1.8 Cu eq. BOYONGAN porphyry copper - gold deposit RESOURCE: 300 million tons with 0.6% copper and 1 gram per ton gold. TAMPAKAN porphyry copper - gold deposit RESOURCE: 700 million tons with 0.81% copper and 0.32 gram per ton gold MAJOR DISCOVERIES

  10. Simplified geologic map of the Mankayan mineral district Man ka ya n Lepanto Enargite distric t deposit Far Southeast porphyry copper deposit Victoria gold deposit N 1 km Porphyry Cu-Au Bagon tonalite Bato dacite deposit/prospect (Pleistocene) (Miocene) Basement rock s Imbanguila dacite Epithermal Cu- Au/ (Cretaceous- (Pliocene) Au-(Ag-Pb-Zn-Cu) Miocene) Far Southeast porphyry-copper gold deposit 163 M tons reserve 0.81% Cu 1.76 g/t Au 1.8% Cu eq.

  11. Simplified geologic map of Surigao peninsula Boyongan porphyry-copper gold deposit 300 million tons 0.6% Cu 1 g/t Au

  12. Tampakan Cu-Au deposit Tampakan Cu-Au deposit > 1 billion T resource 0.7% Cu 0.3 g/t Au

  13. DIDIPIO porphyry copper - gold deposit(20.4 MMt, 0.65% Cu, 1.7 g/t Au) RAPU-RAPU polymetallic deposit(7 MMt, 2.61g/t Au, 14 g/t Ag, 1.24% Cu, 2.06% Zn) AROROY gold deposit(71.3 MMt, 1.34 g/t Au) PALAWAN HPP Project(11.5 MMt, 2.3% Ni) CANATUAN gold project(954,763 Mt, 3.81 g/t Au; 1.4 MMt, 2.6% Cu, 1.61% Zn, 1.07 g/t Au, 63.3 g/t Au) DIWALWAL gold deposit(>6 MMt, 0.8 g/t Au) PIPELINE PROJECTS

  14. BATONG-BUHAY porphyry copper-gold project(85.9 MMt, 0.6% Cu, 0.25 g/t Au, 2.7 g/t Ag) SAN ANTONIO porphyry copper project(178.3 MMt, 0.44% Cu, 0.09 g/t Au, 1.19 g/t Ag) ATLAS porphyry copper project(872 MMt, 0.41% Cu) AMACAN porphyry copper- gold project(110 MMt,0.3% Cu, 0.43g/t Au; 133 MMt, 1.5-10 g/t Au) KINGKING porphyry copper-gold project(353.5 MMt, 0.39% Cu, 0.44 g/t Au OTHER PROJECTS COPPER

  15. TERESA gold project(7.3 MMt, 5.29 g/t Au) SIANA gold project(18.8 MMt, 1.9 g/t Au) DIWALWAL gold project(9.7 MMt, 7.0 g/t Au) OTHER PROJECTS GOLD

  16. MINDORO nickel project(>200 MMt, 0.94% Ni) NONOC nickel project(60 MMt, 1.13% Ni, 0.094% Co, 33.31% Fe) ADLAY project(18 MMt, 1.6% Ni, 0.1% Co) OTHER PROJECTS NICKEL

  17. Other Mineral Exploration Projects • Cordillera Au (Anglo-American) - Benguet • Surigao Cu (Climax) – Surigao del Norte • Siana Au (Red 5) – Surigao del Norte • Labo Au and Leyte Au (Indophil) – Camarines Norte & Southern Leyte • Nueva Vizcaya Au, Southern Leyte Au, Surigao Au (Oxiana) • Del Gallego Au (Phelps Dodge) – Camarines Norte • Pujada Ni (QNI/BHP-Billiton) – Davao Oriental) • New Bataan Au (Sur American) – Compostela Valley • Bayug Au (ZMC) – Zamboanga del Sur • Pan de Azucar Au and Lobo Cu-Au (MRL) – Iloilo & Batangas • 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. Magnetite Gold Chromite Magnetite Chromite Magnetite Gold Chromite Chromite OFFSHORE RESOURCES • Philippines offshore area including EEZ 2.2 million Km2 • Potential offshore mineral resources: • Placer minerals including gold, chromite, magnetite, silica Manganese • Offshore Palawan also holds resources of manganese • Aggregate resources (sand & gravel) • Decorative stones, manganese nodules/encrustrations with associated copper, gold, zinc, cobalt • Polymetallic sulphide deposits containing gold, copper, cobalt, etc.

  19. Northern Luzon Central Cordillera Baguio-Mankayan district Vizcaya-Ecija Known district Areas of interest Areas of high interest COPPER-GOLD • Relatively unexplored extensions of mineral districts are highly prospective • 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

  20. Surigao-Agusan district Mindanao Central Cordillera Zamboanga Diwalwal-Masara district Cotabato Areas of high interest COPPER-GOLD • Surigao gold district holds promise for porphyry copper mineralization • 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. Known district Areas of interest

  21. We learn from success stories Recognition of telescoped epithermal-hypothermal deposit pairs offers a new dimension in copper-gold exploration

  22. We learn from success stories Recognition of telescoped epithermal-hypothermal deposit pairs offers a new dimension in copper-gold exploration

  23. OTHER METALS NICKEL • The Philippine nickel resource is the biggest in Southeast Asia • Improved technology makes low-grade lateritic ore viable CHROMITE • Improving chromite prices could revive Philippine chromite mines in Zambales, Palawan, Samar, Dinagat and Zamboanga. IRON • 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 LEAD 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. THE NEW MINERALS INDUSTRY AND SUSTAINABLE DEVELOPMENT • 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. FORTIFYING THE FOUNDATIONS FOR A REVITALIZED MINERALS INDUSTRY • 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. OUTCOME OF THE REVITALIZATION OF 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. OUTCOME OF THE REVITALIZATION OF MINERALS INDUSTRY • 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;

  28. OUTCOME OF THE REVITALIZATION OF MINERALS INDUSTRY • 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;

  29. OUTCOME OF THE REVITALIZATION OF MINERALS INDUSTRY • 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;

  30. OUTCOME OF THE REVITALIZATION OF MINERALS INDUSTRY • 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.

  31. VISION A 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. THANK YOU FOR YOUR ATTENTION For more information visit our website at: www.mgb.gov.ph

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