PhilMin Resources Limited is a UK-based mining investment company focused on the development of mineral resources in the Philippines.

 

At this stage of its political and economic evolution, the Philippines offers a unique opportunity for early involvement in a range of high-quality and potentially highly profitable mineral projects, which the Company is well placed to participate in via its extensive network both in the Philippines and overseas.

 

PhilMin Resources will evaluate and select suitable projects for investment.  The Company has strong local contacts and, in the UK, high level professional technical expertise and access to substantial mining investment sources.

 

To date it has reviewed a number of opportunities and has identified both gold and precious metals projects and base and ferrous metal properties that meet its stringent criteria. 

 

It will acquire licence areas, either in joint venture with local partners or independently if appropriate, and carry out exploration and development work to take these projects to the stage where their full intrinsic value can be realised.  Current investors include an AIM-listed resource company and a UK stockbroker.

 

   

 

 

 

 

With a long and successful history of mining, modern mining legislation, political stability and attractive incentives to foreign investment, the Philippines is attracting substantial interest from Western and Chinese mining groups.

 

The Philippines, the fourth largest economy in South East Asia, is growing rapidly: GDP grew at 7.3% in 2010. 

 

Mining investment in the Philippines is projected to more than treble in 2011 to US$2.8 billion.