Copper Industry Integrated by 2030
The Philippines aims to have a fully integrated copper industry from mining to manufacturing at the end of 2030 with contribution to the country's gross domestic product to 2 percent from the current 0.2 percent.
The copper roadmap, along with the Manufacturing Industry Roadmap and other strategic sectoral roadmaps, will be integrated in the Comprehensive National Industrial Strategy (CNIS) document. The CNIS is a building block of the Philippine Development Plan (PDP) to achieve the inclusive growth goal of the country.
Based on the copper industry's short-term (2016) plan, the roadmap includes the operationalization of one or two world-class copper mines to attain the set objectives.
At this stage, the roadmap has outlined for initiatives to revive investor interest in the production of copper wire rods. Meanwhile, identified downstream activities include information gathering, research, fora and studies, to explore the possibility of venturing into new copper applications. During this period, stakeholders would have established an institutional mechanism for collaboration to improve the climate of investment for the industry.
Within the medium-term (2022), the operating world-class copper mines shall have attained full production capacity while more new mines are being developed. Copper wire rod casting plants should have been established and fully operational as well.
Over the long-term (2030), the following targets include establishment of linkages between local mining and smelting, near self-sufficiency in copper rods and the development of higher value copper products for both local and the global markets.
Other measurable targets to achieve the vision for the industry would be the production of copper concentrates by 2016 (700,000 metric tons per year), 2022 (1,100,000 MTPY) and 2030 (1,500,000 MTPY). …