AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
No Result
View All Result
Home News

PH key mineral reserves jump 32% in 2021

AngMinero News by AngMinero News
June 6, 2022
in News
26 2
0
PH key mineral reserves jump 32% in 2021
84
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

The country’s value for key mineral reserves increased by 32.2% from Php 285.81 billion in 2020 to Php378.04 billion in 2021, data from the Philippine Statistics Authority (PSA) said in a statement.

Reserves for Class A nickel increased in monetary value by more than 50% to Php 186.62 billion from Php 121.60 billion last year. However, the country’s physical reserves declined by 4.8% to 474.49 million metric tons (MT) from 498.68 million MT previously.

The monetary value of Class A gold reserves also increased by 12.7% to Php143.45 billion from Php127.31 billion previously, but actual reserves dropped 3.6% to 475.14 thousand kilograms in 2021 from 492.75 thousand kilograms in 2020.

Meanwhile, the monetary value of Class A Copper reserves jumped by 30.9% to Php46.38 billion in 2021 from Php 35.43 billion in 2020. However, actual reserves registered a slight decline of 1.6% to Php3.26 million MT from 3.31 million MT previously.

Class A chromite reserves registered a 9.55% increase in its monetary value to Php1.60 billion in 2021 from Php1.46 billion in 2020. Its actual reserves, however, decreased by less than a percent to 35.97 million MT in 2021 from 35.98 million MT in 2020.

The PSA’s valuation of the country’s mineral assets used the Net Present Value Approach as recommended by the System of Environmental-Economic Accounting 2012 Central Framework, using a ten percent discount rate.

Tags: ChromiteCopperGoldnickelPhilippine Statistics AuthorityPSA

Related Posts

Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment
News

Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment

June 24, 2025
Masbate Mine Solar Shift to Save PHP 150M, Cut 8,500 Tons of CO₂ Annually
News

Masbate Mine Solar Shift to Save PHP 150M, Cut 8,500 Tons of CO₂ Annually

June 23, 2025
DMC Ensures Responsible Mining and Tree Replanting in Cagayan Valley
News

DMC Ensures Responsible Mining and Tree Replanting in Cagayan Valley

June 17, 2025
Lepanto Net Income Soars to PHP659 Million on Gold Output Growth, High Prices
News

Lepanto Net Income Soars to PHP659 Million on Gold Output Growth, High Prices

June 17, 2025
OGPI Strengthens Local Ties with PHP48.5M Remittance to Nueva Vizcaya
News

OceanaGold Allocates PHP280 Million for Exploration in Didipio Area

June 17, 2025
PNIA seeks to join int’l industry group
News

PNIA Welcomes Removal of Ore Export Ban in Final Mining Fiscal Reform Bill

June 17, 2025

FEATURED POST

Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment

Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment

June 24, 2025
SMPC Earns Gold in FinanceAsia Awards for Outstanding Corporate Governance and Management

SMPC Earns Gold in FinanceAsia Awards for Outstanding Corporate Governance and Management

June 23, 2025
Responsible Mining Pays Off: Apex Mining Wins Regional Bronze for Best-Managed Company

Responsible Mining Pays Off: Apex Mining Wins Regional Bronze for Best-Managed Company

June 23, 2025
Masbate Mine Solar Shift to Save PHP 150M, Cut 8,500 Tons of CO₂ Annually

Masbate Mine Solar Shift to Save PHP 150M, Cut 8,500 Tons of CO₂ Annually

June 23, 2025

EDITOR PICK'S

Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment

June 24, 2025

SMPC Earns Gold in FinanceAsia Awards for Outstanding Corporate Governance and Management

June 23, 2025

Responsible Mining Pays Off: Apex Mining Wins Regional Bronze for Best-Managed Company

June 23, 2025

Masbate Mine Solar Shift to Save PHP 150M, Cut 8,500 Tons of CO₂ Annually

June 23, 2025

DMC Ensures Responsible Mining and Tree Replanting in Cagayan Valley

June 17, 2025

Lepanto Net Income Soars to PHP659 Million on Gold Output Growth, High Prices

June 17, 2025

OceanaGold Allocates PHP280 Million for Exploration in Didipio Area

June 17, 2025

Recent News

Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment

Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment

June 24, 2025
SMPC Earns Gold in FinanceAsia Awards for Outstanding Corporate Governance and Management

SMPC Earns Gold in FinanceAsia Awards for Outstanding Corporate Governance and Management

June 23, 2025

Category

  • Business
  • Features
  • News
  • Uncategorized

Follow us

  • Setup menu at Appearance » Menus and assign menu to Footer Navigation

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In