MINES AND GEOSCIENCES BUREAU
REGION V - BICOL



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MINERAL PRODUCTION IN BICOL REGION: 2003


Daraga, Albay (March 31, 2004) - The Mineral Production  in       the Bicol Region for the year 2003 amounted to Php 55.87M while the Sales Value amounted to Php71.82M. Albay contributed the highest production amounting to Php36.3M equivalent to 64.97% of the overall production. This is due to the high production value of sand and gravel, which is very abundant in Albay, and other mineral commodities like limestone, bentonite, perlite and zeolite clay. Camarines Norte, the lone province that produces gold and silver, posted 26.88% of the overall production value in the region placed second. 

Camarines Sur, on the other hand, contributed a total production value of Php3.12M, representing 5.59% of the overall production of the region. 


For Catanduanes, Sorsogon, and Masbate, their production value is considerably small compared to Albay, and Camarines provinces. Only sand and gravel are extracted from these provinces except Sorsogon, aside from sand and gravel, also produces pumice stone.


MINERAL PRODUCTION AND SALES IN
THE BICOL REGION CY 2003

 

PROVINCE

PRODUCTION VALUE (P)

SALES 
VALUE (P)

ALBAY

         36,296,127.50

        44,373,535.00

CAM. NORTE

         15,017,728.39

        21,269,940.89

CAM. SUR

           3,122,662.00

          3,315,612.00

CATANDUANES

             335,012.50

             566,675.00

MASBATE

             581,735.25

          1,144,591.00

SORSOGON

             513,515.00

             611,209.00

TOTAL

         55,866,780.64

        71,281,562.89

 

 

 

 

 

 

 


 


The mining industry in the region posted an overall 43%  increase in production value compared with last year’s production.  With the development phase of the Mineral Production Sharing Agreement Contract (MPSA) of Lafayette, Phils. located at Rapu-Rapu, Albay, mineral production value in the province of Albay will be expected to increase. This signals, among other things, three major positive developments that will fuel the much-awaited revival of mining in the region: (1) renewal of investor’s confidence in the mining industry and the government efforts in mineral resources management; (2) entry of financial and technical resources, and support that is not available locally; and (3) catalyst for countryside development where the project is located. Further, the government stands to benefit from the additional revenues from mining taxes, fees, charges, and other payments. LArancillo/MGB5

 


Republic of the Philippines - Dept. of Environment & Natural Resources -Mines and Geosciences Bureau Region V

Address: Lucila Bldg. Bañag, Daraga, Albay, Philippines | Telefax. No.(052)824-20-14  | Tel. Nos. (052)483-49-58 & 483-49-56
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