Reflections
The debate yesterday at Intercon re the Bureau of Mining presentation on the mining industry must be understood by everyone that:
l. PHL need the mining industry now, because: commodities is a critical investment in this difficult times, we need something to keep our economy afloat: the Eurozone and US problems may impact the country very soon. OFW and the BPO will be surely affected by the these developments. Earnings from those two industries will decline;
2. Controlled mining is needed: more royalties for the government, more benefits for the localities where mines are located.
3. Reycling must continue because: it does put undue pressure on the resources and energy to extract the minerals. But the high tech equipments and gadgets ups the demand for precious metals: the black ops metals. Recycling will not be enough to sustain demand for strategic metals as lithium etc and other heavy metals.
