Special Assistant to the President for Investment and Economic Affairs Secretary Frederic Go said that instead of focusing on the exploration or exploitation of minerals, the Philippines should attract investments for downstream processing in the mining industry.'We are now the largest exporter of raw nickel ore to the world, and we supposedly have the largest copper deposit mine here in the Philippines.
66 billion logged in 2022 due to the outstanding performance of gold and nickel.Currently, the country's nickel ore is being exported to China, Japan, South Korea and Indonesia, with China getting 98 percent of the total or 17.6 million dry metric tons in 2023.Go also emphasized the need to complete the country's geo mapping of critical mineral resources, led by the DENR, which he said would also help attract investments into the mining sector.
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