Philippines Mining Report 2014

Business Monitor International
May 7, 2014
87 Pages - SKU: BMI5239966
Countries covered: Philippines

Philippines Mining Report 2014

BMI View: The looming exit of Glencore Xstrata's stake in the US$5.9bn Tampakan copper-goldproject reinforces our conviction that mining investment in the Philippines will become less attractiveamidst the downturn in commodity prices over the coming years. Despite rice mineral deposits in thecountry, resource nationalism will remain an issue as the Philippine government looks to implement moreonerous regulatory reforms in the mining space.

We believe the retreat of commodity prices and fading attraction of frontier mining will continue to dampencapital flows into the Philippines' mining space over the coming years. As spotlighted by the pending exit ofGlencore Xstrata from the USD5.9bn Tampakan project in South Cotabato, the country is unlikely toexperience a mining boom anytime soon. In January 2014, Glencore Xstrata announced its decision to sellits stake in the mine in a bid to prune its portfolio and focus on the development of brownfield projects. TheTampakan project, with an estimated 15mn tonnes (mnt) of copper and 18mn ounces (moz) of gold, wouldbe the single largest foreign direct investment in the country. To be sure, investment in exploration andmining projects in the Philippines between 2004 and 2012 reached US$5.8bn, according to the Mines andGeosciences Bureau.



More General Mining reports by Business Monitor International

United States Mining Report Q1 2015 by Business Monitor International
United States Mining Report Q1 2015BMI View: The US mining industry will remain among the largest in the world, but will see just modestexpansion to ...
Poland Mining Report Q1 2015 by Business Monitor International
Poland Mining Report Q1 2015BMI View: Growth in the Polish mining sector will be modest over the coming years. The coal sector willbe overhauled as ...
China Mining Report Q1 2015 by Business Monitor International
China Mining Report Q1 2015BMI View: More Chinese miners will cease operations over the coming quarters due to falling mineralprices and waning support from the ...
Central Africa Mining Report Q1 2015 by Business Monitor International
Central Africa Mining Report Q1 2015BMI View: Central Africa's mining sector is set to follow much of the continent by developing itssubstantial mineral wealth. The ...
See all reports like this >>

More Philippines General Mining reports

The Philippines Nickel Mining Market Overview and Forecast to 2020: Trends, Fiscal Regime, Major Projects, and Competitive Landscape by GlobalData
The Philippines Nickel Mining Market Overview and Forecast to 2020: Trends, Fiscal Regime, Major Projects, and Competitive LandscapeSummaryGlobalData’s mining industry offering, The Philippines Nickel Mining ...
See all reports like this >>

 

SELECT A LICENSE

    Report with 3 quarterly updates  USD 1,295  
    Report with 3 quarterly updates
3 User License
  USD 1,945  
    Report with 3 quarterly updates
5 User License
  USD 2,500  
    Report with 3 quarterly updates
Departmental/Site License
  USD 2,995  
    Global Site License Fulfilled by Publisher  USD 6,995  
 
US: 800.298.5699
Int'l: +1.240.747.3093
 

Share this report


    Other tasks

     
     
    Join Alert Me now!
    Receive bi-weekly email alerts on new market research

    Sign up today!