The Philippine mining industry is on track to making mining responsible and sustainable, with some mining companies even going beyond mere compliance with environmental and mining laws, said Environment Secretary Maria Antonia Yulo-Loyzaga, as she welcomed the initiative of the government of Sweden to invest in mining in the Philippines, to make mining safer and environmentally sound.
In particular, Yulo-Loyzaga said publicly-listed mining companies have demonstrated responsibility in doing business in the Philippines. In terms of publicly-listed companies, we do see a higher degree of responsibility and the reporting standards as well are quite high,” says Yulo-Loyzaga.“We do have a good deal of responsible and sustainable mining that is ongoing and that is the direction we are headed,” she said.