The Philippine mining industry is calling for increased collaboration to strengthen responsible mining practices.
Industry leaders said during the launch of documentary “Living with a Brighter Future” Tuesday the collaboration could unlock the sector’s potential to drive economic growth, support social development, and promote environmental stewardship.
“Mining companies have made substantial contributions to local communities through its Social Development and Management Program or SDMP. Additionally, the industry’s environmental commitments have been significant,” said Chamber of Mines of the Philippines (COMP) chairperson Mike Toledo.
Mining companies pledged P31.81 billion towards SDMP initiatives from 2002 and 2027, with P20.3 billion earmarked for the period spanning 2002 to 2024.
The program has invested billions in various initiatives since 2002, positively impacting over 1,160 barangays.
The documentary highlights collaborative efforts between mining companies, local communities, and local government units across Luzon, Visayas and Mindanao.
Constant consultations with host communities ensure mining projects address resident needs and deliver long-term benefits on employment creation, healthcare investments, education support and infrastructure development.
Mining companies allocated P387.81 billion for environmental programs and pledged P6.72 billion for the rehabilitation of decommissioned mines as of December 2023.
The industry also planted over 50 million trees across 45 hectares of land, with a 90 percent survival rate.
Mining plays a crucial role in the Philippine economy despite environmental concerns. The industry contributed P170.1 billion to the GDP and employed over 212,000 individuals in 2022.
It is also seen as a key player and contributor to government initiatives like the 4PH housing program. The 4PH program aims to build one million housing units yearly until 2028.
