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Mining Industry Seeks Gov't Assurance

Manila Bulletin, September 12, 2006 | Article details

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Mining Industry Seeks Gov't Assurance


Domestic mining players have asked Malacanang's intervention and direction to restore investor confidence in the mining sector after a series of events that have caused investors to rethink their planned investments in the country.

This was raised by the Chamber of Mines of the Philippines in a letter to President Gloria Arroyo that also informed of the chamber's decision to postpone the international mining conference scheduled on October 3-5 this year to next year.

"With this current state of the Philippine mining industry, and after careful deliberation and deep reflection, the Board of Directors of the Chamber of Mines of the Philippines decided during its …

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