The total monetary value of the country’s mineral reserves grew 22 percent to P491.19 billion in 2022 from the P402.73 billion recorded in 2021, according to the Philippine Statistics Authority (PSA).
THE total monetary value of the country’s mineral reserves grew 22 percent to P491.19 billion in 2022 from the P402.73 billion recorded in 2021, according to the Philippine Statistics Authority .
“The Mineral Accounts of the Philippines aims to provide information on the stocks and changes in stocks of four metallic mineral resources in the country, namely, gold, copper, nickel, and chromite,” PSA explained. The data also showed that the value of Class A copper reserves increased by 23.3 percent to P59.43 billion in 2022 from P48.20 billion in 2021.
Meanwhile, PSA said that in terms of physical assets, accounts declined in 2022, led by Class A gold reserves.
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