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Philippines says metal output rose 4 per cent year-on-year to 5.457 billion pesos in the first half of 2018
Sep 6,2018 15:30 CST
The content below was translated by Tencent automatically for reference.
SMM, Sept. 6: according to Bloomberg, the Philippine Bureau of Mining and Geosciences said in a report that rising metal prices on the world market boosted metal production in the Philippines in the first half of 2018.
In the first half of 2018, the output value of metals in the Philippines rose to 5.457 billion pesos from 5.242 billion pesos a year ago, while the output value of gold was 2.235 billion pesos, accounting for about 41 per cent of the total. Nickel and nickel products 2.118 billion pesos, accounting for 39 per cent, copper 1.04 billion pesos, accounting for 19 per cent.
* Gold production fell by 8 per cent to 10703 kg due to insufficient production by major producers. Production of nickel direct transport ores fell 12 per cent to 116781 metric tons. Copper production fell slightly by 2 per cent to 32859 metric tons.
"with the introduction of the new environmental policy, we are now seeing a more tightly regulated and more regulated mining industry," the Philippine Bureau of Mining and Geosciences reported.
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