AUSTRALIAN mining investors are worried by the growing antimining sentiments in the
Australian Ambassador to the Philippines Tony Hely said the mining sector in the
He said of the 23 priority mining explorations in the
“[But] they [referring to Australian investors] are not free from problems because of a number of reasons like mine-site security problems,” said Hely during an interview Tuesday night at the Australian embassy’s annual journalists’ reunion held at the ambassador’s residence in Makati City.
He said mining is now a lucrative sector for foreign investments, noting that in
“There’s an ongoing antimining opposition in the
Hely, meanwhile, said that Australian mining companies strictly follow social and economic and environmental standards in exploration activities.
He explained that antimining sentiments use environmental issues and economic aspects of mining to convince the community to oppose mining-exploration projects in the areas.
“Many civil-society groups influence local people that mining is a form of foreign exploitation, so the investors would regard the community as a security concern,” said Hely.
He said many foreign investors regard the community as the best form of protection for mining exploration.