The Chamber of Mines of the Philippines (COMP) welcomes the country’s significant gains in the Fraser Institute’s 2024 Annual Survey of Mining Companies. The Philippines ranked 16th out of 82 jurisdictions in investment attractiveness and 25th in policy perception.
“This remarkable improvement in our investment attractiveness ranking shows that steady reforms under the Marcos administration are paying off, especially in creating greater policy stability and making it easier to do business for responsible miners,” COMP said in a statement.
The country also placed 9th out of 58 highly endowed jurisdictions in Best Practices Mineral Potential, acknowledging its rich mineral resources.
These rankings represent a significant leap from 2023, when the Philippines stood at 72nd in Investment Attractiveness, 79th in Policy Perception and 41st in Mineral Potential.
Miners noted that the Philippine government has delivered a consistent message that responsible mining is not only welcome but essential for rural development and the clean energy transition.
The group anticipates that the passage of the Mining Fiscal Regime Bill is expected to further strengthen the country’s reputation as a reliable and predictable destination for long-term mineral investments. COMP has also renewed its commitment to responsible resource development through its “Towards Sustainable Mining” initiative and continues to support further policy reforms to unlock the sector’s full potential. Othel V. Campos
“With continued collaboration between government and industry, the Philippines is well on its way to becoming a premier global destination for responsible mineral investment,” COMP said.
The Fraser Institute, a Canadian think tank, is recognized worldwide for its independent research on economic and policy issues. Its annual mining survey is a global benchmark for assessing investment attractiveness and regulatory environments in the mining sector.
