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Friday, September 14, 2012

Sitting on a Gold Mine: Will Mining Make or Break the Philippines?

But environmentalists, local leaders and even the influential Catholic Bishops’ Conference of the Philippines have taken a stand against large-scale mineral extraction. Besides obvious environmental concerns, they fear that big mining will displace indigenous tribes and squelch the small-scale industry that has historically contributed the bulk of mining tax revenues. On top of that, they argue, bureaucratic inefficiencies — and likely graft and corruption — prevents what little mining revenue is collected from making its way back to communities. As a result, at least 20 governors have banned some form of large-scale mining in their provinces.
http://world.time.com/2012/09/13/sitting-on-a-gold-mine-will-mining-make-or-break-the-philippines/

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