Global Intergold: Gold mining in the Philippines
The Philippines is an archipelago comprised of 7107 islands with the total area of around 300 000 km². In spite of not having the largest area on the planet, the country possesses plenty of natural riches.
Apart from oil, gas, uranium and other natural resources, the Philippines have such indisputable natural wealth as gold. The major part of the gold mining of the country is executed on Luzon, Masbate and Mindanao islands in Lepanto and Antamok mines, among others
The export of the Filipino gold started in the first centuries AD
Since 3 AD gold has been one of the most important products exported from the Philippines. During the ruling of the Spanish people the gold mining decreased with a consequent revival in the 19 century. The “Economic Society of the Friends of the Country” was founded in 1781, among other goals, to develop the gold mining industry of the country. Now the Philippines are exporting many natural resources, including gold.
How much gold is there in the Philippines?
The most typical type of ore in the Philippines is the combination of gold, silver and tellurium. Some deposits contain about 800,000 tons of ore. According to the Mines & Geosciences Bureau report from this year, at present there are 11 operating gold mines. The same report indicates that the mines of the country produced gold at a total cost of 138.6 billions of Philippine pesos (more than 3 billion dollars).
How to buy gold safely?
At present, around 235,000 people or 0.6% of population are employed in mining. Gold mining is a hard work, especially when no leading-edge technology is used. The value of this metal is indisputable. However, not always so much physical effort has to be put to have gold.
The Global InterGold Online Gold Shop customers buy physical gold bars under the most profitable purchasing conditions, allowing them to strengthen their personal economies and build their own business.
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