Govt body prepares mining roadmap
A multi-sectoral committee, composed of various government agencies, is pushing for a mining roadmap that will guide the development of a more viable downstream industry for gold, nickel, chromite, iron and manganese.
The Minerals Industry Coordinating Council tasked a group of mining consultants to prepare the mining roadmap, based on documents.
The multi-sectoral committee is composed of the Trade, Environment, Science and Finance Departments, the National Economic and Development Authority and the Union of Local Authorities of the Philippines.
It began preparations for a broader mining roadmap after the technical working group on the copper industry roadmap successfully created a viable downstream industry plan to reinvigorate copper-based industries in the country.
The Philippine Associated Smelting and Refining Corp., the country’s lone copper smelter, led the crafting of the copper industry roadmap which aims to increase exports by at least 15 percent to $2.45 billion by 2030 starting 2015.
Pasar president Angel Veloso, who is also the head of the copper industry roadmap technical working group, said the industry roadmap envisioned a fully integrated copper industry from mining to manufacturing by 2030.
The industry’s short-term plan until 2016 includes the operation of one or two world-class copper mines. Within the medium term or by 2022, the world-class copper mines should be working at full capacity while new mines are being developed.
Copper wire rod casting plants should have been established and fully operational as well by 2030.