Entourage: Philippine Version. There goes the environment secretary, a.k.a. top mining salesman, and the rest of our country's mining sales rep on a mining junket. They hope to generate short-term cash for this beleaguered administration, in exchange for long-term economic and environmental loss.
Tuesday, April 8, 2008
Katherine Adraneda, Marianne Go
Environment and Natural Resources Secretary Lito Atienza left for Singapore yesterday for the five-day Asia Mining Congress where he is expected to talk about the latest developments and investment opportunities in the country’s mining industry.
Atienza, in a keynote speech, is expected to highlight the policy reforms put in place by the government as part of its Revitalized Mining Program in 2004.
He will also discuss the initiatives made by the DENR to broaden stakeholder participation in industry development.
Atienza’s Singapore entourage includes Minerals Development Council executive director Ramon Paje, and Mines and Geosciences Bureau director Horacio Ramos, as well as executives from private mining companies.
Chamber of Mines of the Philippines and ASEAN Federation of Mining Associations president Philip Romualdez heads the delegation from the private sector. He will update conference participants and potential investors on the country’s regulatory environment.
Top executives of Sagittarius Mines Inc. (SMI), Indophil Resources, Royalco, OceanaGold, and CGA Resources will talk about their respective experiences in doing business in the Philippines .
DENR data showed that since launching the revitalization program for mining in 2004, the government has generated some $1.4 billion in investments and created more than 6,500 jobs from 63 mining and exploration projects in the country.
The government considers mining as one of the sectors that can significantly stimulate the economy. The industry is projected to generate $10 billion in investments by 2010.
Atienza earlier said he expects 2008 to be a banner year for the mining industry because seven more projects are anticipated to come by the end of this year.