How rich is the land area of the mineral industry of the Philippines?

About 30 million hectares of land areas in the Philippines is deemed as possible areas for metallic minerals. According to the Mines and Geosciences Bureau, about nine million hectares of land areas are identified as having high mineral potential. The Philippines metal deposit is estimated at 21.5 billion metric tons and non-metallic minerals are at 19.3 billion metric tons, as of 2012.From such vast reserves, the industry produces copper concentrates, cathodes, and wires. The production of such commodities is estimated to have contributed 9.74 billion pesos in 2011. Local demand for concentrates emanating from copper manufacturers is very high. The Philippine Associated Smelting and Refining Corporation, which is a key player in the copper industry, has an annual demand of 720,000 MT, which is met through importation of copper concentrates given that local production of such inputs remains insufficient. The industry provides jobs for 7,300 Filipinos, with PASAR employing 1,000 workers.

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