Monday, February 6, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home News National

Mining holds key to PH recovery after pandemic — Barbers

Maricel CruzbyMaricel Cruz
August 7, 2020, 6:56 pm
in National
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

Surigao del Norte Rep. Robert Ace Barbers on Friday urged government policymakers to take advantage of the Philippines' mineral resources to restart the economy that was devastated by the Coronavirus Disease 2019 pandemic.

The Duterte administration's eeconomic managers “should reconsider, revisit and reinvigorate mining operations and tap these as funding source for the gloomy post-Covid-19 economic scenario being faced by the country,” said Barbers, a member of the majority bloc of the House committee on economic affairs.

In the very near future, Barbers said that the country would start feeling the shockwaves of the humungous debts incurred by the government to combat the Covid-19 pandemic and implement various economic stimulus programs.

In a privileged speech, Barbers said: “It is high time that we take a good look at our mines. Mining is the only answer to our economic woes. This is the only source of funding that could pay off all the debts incurred now and stimulate growth in our economy.”

As of September 2012, the Mines and Geosciences Bureau has estimated that the country has an estimated US$840 billion worth of untapped mineral wealth. The Philippines is the fifth most mineral-rich country in the world for gold, nickel, copper, chromite, iron, lead, and zinc, many of them drawn from major deposits on Luzon and Mindanao. 

ADVERTISEMENT

"Those estimates by the MGB were made eight years ago,” he said. “And the continuing rise in the worldwide prices of precious metals, particularly gold, makes the value of our untapped minerals increase to trillions of dollars.”

Barbers, chair of the House committee on dangerous drugs and vice chair of the accounts committee, said the current international trading price of gold had already reached more than US$2,000 per ounce “and our country is sitting on millions upon millions of ounces of gold deposits while other countries sits on indefinite economic uncertainty.”

“Aside from gold, we also have lots of other minerals and precious metals. Just imagine the prosperity that we have been missing all this time,” he said. “Are we waiting for another country to again lay claim over these wealth of ours?”

Barbers cited the case of Canada and Australia, two of several countries that have prospered from mining, employing hundreds of thousands of people, and have contributed much to their local economy.

“The mining industry (in Canada and Australia) contribute as much as 6 percent to their gross domestic product compared to our 0.6 percent mining contribution. Let us use their experience as our template. They were able to mine in their countries with minimal environmental disruptions,” he said.

As of September 2016, there are about 40 metallic mines and 62 non-metallic mines operating in the country, and these mining companies have already committed P13.1 billion for the development of their host and neighboring communities under their Social Development and Management Programs.

Former Secretary Gina Lopez, during her short tenure as environment and natural resources secretary, ordered the closure of at least 26 mining operations citing environmental and other violations. Her successor, Secretary Roy Cimatu, has recently ordered the re-opening of at least five of these suspended mines while reviewing and assessing others for re-opening after they have corrected their lapses.

Tags: COVID-19Department of Environment and Natural ResourcesGina LopeMines and Geosciences BureauMiningRobert Ace BarbersSocial Development and Management Programs
ADVERTISEMENT
Maricel Cruz

Maricel Cruz

Related Posts

Asian countries distrust China for WPS incursions

byManila Standard
February 5, 2023, 11:50 pm
0
8
‘NPA weakened  via NTF-ELCAC’

China would not be able to match the US influence in East Asia and Southeast Asia because of the former’s...

Read more

SC overturns Sandigan on ex-Siquijor gov

byRey E. Requejo
February 5, 2023, 11:40 pm
0
8
SC affirms sentence on Polish over shabu

The Supreme Court (SC) has overturned a Sandiganbayan decision and instead ordered the acquittal of former Siquijor governor Orlando Fua...

Read more

‘PH schools need mental health centers’

byMacon Ramos-Araneta
February 5, 2023, 11:30 pm
0
8
Sexual offense victims urged to sue 7 teachers

Two senators want to build Mental Health Offices (MHOs) in schools to address the mental, emotional, and developmental needs of...

Read more

DICT chief says 28M subscriber modules registered as of Sunday

byManila Standard
February 5, 2023, 11:20 pm
0
8
House set to approve SIM card bill

Department of Information and Communications Technology (DICT) Secretary Ivan John Uy said 28 million Subscriber Identity Module (SIM) cards have...

Read more

Sen. Go leads opening of Mariveles health site

byManila Standard
February 5, 2023, 11:15 pm
0
8
Tolentino lone guest at PSA’s online forum

Senator Christopher Bong Go led the opening of Super Health Center in Mariveles. He was accompanied by Gov. Joet Garcia,...

Read more

Lawmaker hails Imee for aid to Aklan farmers

byMacon Ramos-Araneta
February 5, 2023, 11:10 pm
0
8
Senator Imee Marcos welcomes the Year of the Rabbit

Aklan Rep. Teodorico Haresco Jr. has lauded and thanked Senator Imee Marcos and the Department of Agriculture officials for their...

Read more

Print Edition

View More

Recent Posts

  • CDC launches revenue share monitoring system for Clark locators
  • Gur Lavi Corp partners with HGC Global Communications to expand customer network
  • Sneakers for Makati : AB4.0
  • Makabayan to Mr. Marcos, Abalos: Fire corrupt BFP officials
  • At least 50 dead in Syria after earthquake
  • North Korea ruling party to hold key meeting on agriculture
  • Beyonce breaks Grammy record for most wins ever
  • 7.8-magnitude quake hits southern Turkey: USGS

Advertisement

Latest News

North Korea ruling party to hold key meeting on agriculture

byAFP
February 6, 2023, 12:00 pm
0
8
Taliban govt resumes issuing Afghan passports in Kabul

North Korea's ruling party will hold a key meeting this month to discuss agricultural development, citing the need for "radical...

Read more

Beyonce breaks Grammy record for most wins ever

byAFP
February 6, 2023, 11:30 am
0
8
Beyonce breaks Grammy record for most wins ever

Beyonce on Sunday broke the record for the most Grammy wins of any artist, scoring her 32nd prize ever and...

Read more

7.8-magnitude quake hits southern Turkey: USGS

byAFP
February 6, 2023, 11:00 am
0
8
Taliban govt resumes issuing Afghan passports in Kabul

A 7.8-magnitude earthquake hit near Gaziantep in southeastern Turkey on Monday, the US Geological Service said.  The quake struck at...

Read more

‘King’ James poised for NBA scoring record crown

byAFP
February 6, 2023, 10:00 am
0
8
LeBron passes Malone tally but Lakers slump

By Rob Woollard One of the oldest records in American sport is set to fall this week when LeBron James...

Read more

US lawmakers clash over Biden’s handling of Chinese balloon

byAFP
February 6, 2023, 9:00 am
0
8
Biden makes emotional appeal for action on gun violence

By Brian Knowlton Republicans savaged Joe Biden on Sunday over his handling of a suspected Chinese spy balloon, while Democrats...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App