The Philippines is home to the fifth largest mineral reserves worldwide. Therefore, it is essential for the country to conduct asset accounting and valuations of produced and financial assets in order to provide broader estimates of national wealth.
This study measures the mineral reserves in the Philippines, notably nickel, gold, copper, and chromium, based on the System of Environmental-Economic Accounting (SEEA) framework. These mineral commodities were chosen for their economic importance, based on their contributions to the total metallic mining activity in the country. The accounts compiled provide an assessment of the available stocks, in physical and monetary terms, of the four mineral resources at the beginning and at the end of the year, covering the changes that affect the stocks. The accounts cover an 11-year period, from 2002-2012.
Related Case Studies
The mining sector continues to be the backbone of Botswana’s economy, despite efforts to diversify. Mining is still, by some measures, the largest contributor to gross domestic product (GDP), generates the majority of export earnings, and makes a major contribution to government revenues. The use of mineral revenues is, therefore...