Benefits of mining go beyond revenues – Philex

THE mining sector’s contribution may have dropped to less than a percent of the country’s gross domestic product (GDP) but its benefits stretch far beyond the mine site, providing valuable employment and opportunities to the countryside, a high-ranking official of Philex Mining Corp. said.

Atty. Michael Toledo, Philex Mining senior vice president for Public and Regulatory Affairs and head of the MVP Group Media Bureau, said the industry’s contributions to the economy go beyond revenue from the mineral extracted from the mine sites, citing the sector’s indirect contributions in community development and nation-building.