Abstract:
The Philippines is rich in metal mineral resources.The dominant mineral reserves are 90 million tons of copper, 4.8 million tons of nickel and 5 800 tons of gold.The annual output of nickel ore is over 25 million tons, copper concentrate 280 000 tons, gold 23 tons.Mine, copper concentrate and refined copper, gold is the main export of minerals, and mining exports account for 2.3% of total exports.Metal mineral exploration investment concentrate in the field of copper and gold, since 2010, the new gold reserves of 715 tons, copper 10 million tons; non-metallic exploration focus on oil and gas, coal exploration.Insufficient energy and mineral production, energy self-sufficiency rate of only 53%, the country need to import large quantities of oil and coal each year.Mining-related electricity, steel production capacity shortage, power rationing is widespread, imports of iron and steel in 2016 amounted to 7.9 million tons.By analyzing the supply and demand of mining industry and related industries and finding out the areas to be invested urgently in this country, this paper holds that Chinese enterprises have good investment prospects in the nickel ore processing, coal utilization, energy exploration, electricity and steel in the Philippines.