Mining chips in only 3% to GDP – research group

The mining industry in the Philippines is useless because it contributes a very small percentage to the country’s economy for the past 20 years, according to a research group.

The research group, Ibon Foundation, said on Thursday the mining industry has had no substantial contribution to the Philippine economy since 1995, or 20 years after the industry allowed entry of foreign firms as stipulated in the 1995 Mining Act.