Mining industry finds favor with Marcos after Duterte snub

The mining industry could help ensure a sustainable recovery of the Philippine economy from the disruptions of the COVID-19 pandemic as this activity requires sizable investments while demand for mine output is high, according to President Marcos’ top economic manager.

“The mining industry holds the greatest potential to be a key driver in our economic recovery and long-term growth, especially now that world metal prices are high,” Finance Secretary Benjamin Diokno said in a statement.

“The Philippines, after all, is one of the world’s most richly endowed countries in terms of mineral resources,” Diokno said.

The finance chief attended the listing of Philex Mining Corp.’s new co…

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