What is the condition of the mineral industry of the Philippines?

The Philippines is the fifth most mineral-rich country in the world for gold, nickel, copper, and chromite. It is home to the largest copper-gold deposit in the world. The Mines and Geosciences Bureau has estimated that the country has an estimated $840 billion worth of untapped mineral wealth, as of 2012.  The contribution of minerals and mineral products to the country’s total exports is at 4% and 0.3% for non-metallic mineral manufacturers in 2016. The Philippines is situated along a well-defined belt of volcanoes called the Circum-Pacific Rim of Fire where the process of volcanism and plate convergence resulted in the formation of abundant and important metallic mineral deposits of gold, copper, iron, chromite, nickel, cobalt and platinum. The Philippines considered as one of the countries most endowed with metallic resources in the world, ranks in the top 6 for gold, nickel, copper, and chromite and has the potential to be top 10 largest mining power in the world.

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