Philippine President Sees Mining as Key to Economic Growth

Philippine President Gloria Macapagal Arroyo believes that the country's mining industry has the potential to boost the economy, citing the success of Chile as a model. In a press conference, she expressed optimism about the Supreme Court's decision to allow mining operations, stating that mining was a major factor in Chile's economic growth. President Arroyo emphasized that the government will promote environmentally-sensitive mining activities and assured non-governmental organizations that unsustained and irresponsible mining operations will be prevented.

Key Takeaways:

• President Arroyo sees the mining industry as a key sector to boost the Philippine economy, with Chile's experience serving as a model.
• Mining accounts for 40% of Chile's gross national product (GNP), contributing to its status as the richest country in South America.
• The President assured non-governmental organizations that the government will only allow environmentally-sensitive mining operations, and that technologies are available to prevent environmental destruction.
• Modern technologies can help concessionaires undertake safe mining operations, and the government will promote responsible mining practices.
• The Supreme Court's decision to allow mining operations has been met with opposition from groups concerned about environmental degradation and displacement of indigenous peoples.
• President Arroyo expressed approval of the decision, citing the need to avoid economic collapse and promote economic growth.
• The government's promotion of environmentally-sensitive mining activities aims to balance economic growth with environmental protection.

Statistics:

• Mining accounts for 40% of Chile's gross national product (GNP).
• Chile is the richest country in South America.
• Modern technologies are available to prevent environmental destruction in mining operations.
• The Supreme Court's decision to allow mining operations has been met with opposition from non-governmental organizations.
• 40% of Chile's GNP is contributed by the mining industry.
• Chile has improved its GNP significantly since developing its mining industry.

Sources:

• (PNA)