Leo Jasareno, Director of the Mines and Geosciences Bureau of the Philippines, stated on the 13th that if Chinese investors continue to advance plans for joint mineral development projects in the country, mining investment in the Philippines could reach $2.8 billion this year.
Comprehensive media reports on September 13, citing Dow Jones, stated that Jasareno said today that if Chinese investors do not change their expressed investment intentions in the fourth quarter, the initial investment target of $1.4 billion is expected to double. He is relatively optimistic about achieving this year's $1.4 billion investment target, even though only 40% of the target for mining-related investment was met in the first half of the year. In 2010, mining investment in the Philippines was $900 million.





