The Philippine mining industry has been in a long-standing predicament. As a result, its development potential has been significantly constrained and mistakenly set aside. One critical challenge in the extractive sector is to find that policy balance where the mining industry would perform a vital role in national development.
At its peak, the Philippine mining industry contributed 5 percent to the gross national product. However, due to setbacks related to unstable policy directions, the industry as of now barely contributes 1 percent to the country’s gross domestic product. In particular, the current Foreign Direct Investments (FDI) of $10 million could exponentially be increased given the pending investments for the expansion of legitimate mining operations.