Pilipinas for sale

[Applause]

The mineral wealth of our mountains will not be left behind in the world. The Philippines is third in gold, fourth in copper, and fifth in nickel. Because of these hidden resources, there are those who are interested in mining them for trade and [Music] profit. When

we went to Surigao del Norte, dump trucks and dust greeted us. Mel, the main mining here is from the ions or from the mountains. Iron Mountains is the name of these mountains because it has one of the largest iron deposits not only in the Philippines but also in the whole of Asia. So at first glance, you would think that someone is

digging or you are making smoke in that area. But that dust is rising into the air because during the mining there, these mountains are dug up and the excavated soil is directly lowered here to the dock that they built. They load it on dump trucks and unload it on barges that are docked here, then they wheel it onto

large ships that travel to China, Japan, and Australia. There is only one nickel processing plant in the whole country. located in Palawan, so the minerals extracted by the Philippines are exported to other countries for processing and due to the size of the operation in this area, the former mountain that you see here behind me has

almost been leveled now. In 1995, the Philippine Mining Act was passed, which set the policy that the country is open for mining through mineral agreements granted by the government to mining companies, giving them the right to mine and protect the areas assigned to them. This permit lasts for 2 years and can also be renewed for the next