Daily Star logoBusiness
Bacolod City, PhilippinesFriday, January 11, 2008
Front Page
Negros Oriental
Star Business
Opinion
Sports
Police Beat
Star Life
People & Events
Mining exports grow
17% in Jan.-Nov
 

The Philippines ' exports earnings from mineral products from January to November 2007 rose by 17.19 percent to $2.26 billion from only $1.92 billion during the same period in 2006, figures of the the National Statistics Office show.

NSO data indicate that cumulative revenues rose during last year's first 11 months last year for copper concentrates (65.10 percent), gold (75.63 percent), iron ore agglomerates (10.81 percent), chromium ore (74.02 percent) and other mineral products except nickel (53.08 percent).

For the same period, the mining sector posted nine-digit earnings from copper concentrates ($121.76 million), iron ore agglomerates, (157.20 million) and other mineral products (826.27 million).

Other mineral export gainers were gold ($79.10 million) and chromium ore ($7.29 million).

The country's export earnings from copper metal, however, dropped 4.98 percent to $1.06 billion from $1.12 billion in 2006.

NSO did not provide data on nickel exports.

It noted that January to November 2007 revenues from mineral products accounted for about 4.9 percent of the country's total $45.80 billion export earnings for the period. The revenues are 4.76 percent higher than the country's $43.72 billion export earnings a year earlier.

For November 2007 alone, earnings from gold exports surged 188.05 percent to $48 million from $16.66 million during the same month in 2006.*

 

 

back to top

Google
 
Web www.visayandailystar.com
Business
Bacolod now recognized as BPO center: official
DOT 7 to join travel event at Robinsons
Mining exports grow 17% in Jan.-Nov

Guimaras SEA-Ks get P2.25M aid