Gold rush and Philippine mining

Gold prices almost breached the $1,900 per troy ounce late last month as the uncertainty over the US debt limit hike bill was on-going.

Philippine mining will surely benefit from this continuing “gold rush”. We would like to see more transparent and more accountable system of mining via well-registered mining companies, local or foreign. Environmental fragility should be considered in the extraction of gold and other precious metals and minerals.

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