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Aside from gold and copper, the country is also rich in iron ore reserves of almost 300 million metric tons. To further promote investments in the mining of metals, the Philippine government allowed 100 percent foreign ownership of large-scale mines subject to certain terms and conditions in the hope of attracting quality operators and.
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2020-8-8The variance for gold recoveries arose from higher than budgeted oxide ore being processed from the Colorado Pit and improvements in mill processing related to the installation of a lead nitrate dosing system. Production in the prior-year quarter had been negatively impacted by the change-out of the old Masbate SAG mill with a new SAG mill.
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