The Chamber of Mines of the Philippines (COMP) expressed optimism over the future of the local mining industry, citing favorable government policies that could restore the sector as a key economic driver.
At the Mining Philippines International Conference in Taguig, COMP Chairman Michael Toledo said mining can once again become a “strong pillar of growth,” noting past contributions of over 20 percent to export earnings. He highlighted recent policy shifts, including the lifting of the moratorium on new mining projects, the removal of the open-pit mining ban, and moves to streamline permitting and adopt a new fiscal regime.
Toledo emphasized that consistent regulations, reliable infrastructure, and affordable energy remain crucial for sustaining momentum.
Meanwhile, the Department of Environment and Natural Resources (DENR) assured that its policies are aligned with the government’s push for a modern investment and fiscal framework. Environment Secretary Raphael Lotilla cited the newly signed fiscal regime for large-scale metallic mining as a step toward transparency and accountability.
The DENR also announced plans to modernize mineral data systems and streamline permits through the Mines and Geosciences Bureau (MGB), while continuing geohazard mapping efforts.
S&P Global Insights urged the government to take advantage of the global metals boom, pointing to the Philippines’ strong position in nickel production. Analyst Mary Nyah Alcantara said decisive long-term policy is needed to fully leverage the country’s mineral wealth, particularly in critical minerals like nickel, copper, and cobalt.
