PH Beats Mining Investments Target
Philippine mining investments grew faster than expected in 2013 despite the absence of new commitments as investors continued spending for existing ones. Mines and Geosciences Bureau (MGB) director engineer Leo L. Jasareno told reporters that investments reached $1.311 billion in 2013 from $812.49 million in 2012. That level represents a 61.4-percent increase, and this was attributed to additional spending for existing projects.
Source: Philippine Daily Inquirer