Philippines: A Rising Star In Asia Mining BMI View: With an abundance of mineral resources on offer, we are optimistic towards the future growth prospects of Philippines’ mining sector. Capital inflows will be forthcoming over the coming years, especially given the recent lifting of the ban on new mining applications. We expect the country’s mining industry value to reach US$7.5bn by 2017, growing at an annual average rate of 13.1% from 2012 levels. While a string of mining projects has been put on the backburner over the past year, we believe the Philippines is set to emerge as one of …
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