Boosting the economy through responsible mining

The recent Memorandum of Understanding (MOU) between the United States and Philippine governments on the mining of critical minerals can be a significant milestone in attracting responsible mining investments, setting a framework for US-based mining companies as they pursue investments in the Philippines.

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That being said, the MOU opens discussion on promoting responsible mining in the Philippines. It is wise, therefore, to understand the benefits while noting the need for necessary safeguards to ensure that communities and the environment also benefit from such activities.

Responsible mining can deliver growth since it requires investments in the rural areas, creating jobs and opportunities outside the cities. It utilizes value from God-given resources present in the communities. That said, if it is not responsibly minedwith the necessary safeguards and mitigating measures, others may mine it illegallywithout measures against unnecessary environmental degradation.