Chamber of Mines of the Philippines chairman Michael Toledo, in a speech before members of the Consular Corps of the Philippines, cites the need for the next government to ensure a stable business environment ‘where policies are reliable, contracts and investments are protected and the rules do not change mid-stream.’ Toledo says mining, especially for a country with an estimated untapped mineral reserves of $1 trillion or equivalent to three times its 2021 GDP, ‘has a tremendous potential to contribute to socio-economic growth.’
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