With the inevitable rise and fall of the markets, has the Philippine mining industry taken a turn for the worse?
The Philippine Resources Journal together with MissTolentino.com sat down with investment banker and Mabuhay Capital Corporation Chairman, Mr. Raymond Davis, to discuss his take on the current mining situation and if potential investors should be thinking twice before investing in another mine.
For the full story, turn to page 24 of the May-July issue of the Philippine Resources Journal entitled:
Market Views: Markets and Mining Sector Insights from a seasoned Investment Banker
This past week has been not only an adventure but a learning experience as well.
After successfully completing my 10K run, I was made to cover the controversial issue of mining in the Philippines, body aching, swelling and all.
The three day event was a success despite some protesters rallying outside Sofitel Plaza and from which some malicious protesters were trying to take my picture because I was wearing my press ID. Why they were taking my picture, I don’t have the slightest idea. They probably thought I made mining sexy 😉 ha!
One thing I’ve noticed though that there were a lot of political undertones to the event. Given that a majority of the mining companies there were huge investors of the country, some people were trying to protect some vested interests. I’ll keep that statement short given the sensitivity of the issue.
Over all, the experience was enlightening and being a staunch supporter of progress and the Philippine nation, I do believe that mining, if done responsibly, can indeed help the country.
Also, my interview on Ambassador Delia Albert and Australian Trade Commissioner, Anthony Weymouth just came out in the August-October issue of the Philippine Resources Journal. Please feel free to download a copy here.