Transformation potential from mining ‘moderate’

 "THE PHILIPPINES’ transformation potential with regard to mining and socioeconomic development has been classified as "moderate" by the World Economic Forum (WEF).

" Alex Wong, head of the WEF’s Center for Business Engagement, explained that the Tier 3 classification was assigned as the mining sector’s size relative to the economy was "relatively low" and the Philippines’ human development index (HDI) a "medium"... Also factored into the classification was mineral resource value, which for the Philippines was also rated as "medium"....

"Asked to comment, Chamber of Mines of the Philippines Vice-President Rocky G. Dimaculangan said the "potential for mining sector growth will depend to a large extent on the outcome of the government’s minerals development policy that is currently being crafted."

"Leo L. Jasareno, Mines and Geosciences Bureau director, said: "The potential… will depend on the awareness of the people and government officials and how they accept mining. Right now, we can say our growth potential is just in the moderate level because there are sectors in society that oppose mining.""