A rapidly expanding population and the corresponding strong economic growth are putting increasing pressure on Papua New Guinea’s overstretched power sector. Already registering annual growth in power consumption of around 5%, according to Chris Bai, executive advisor at PNG Power (PPL), demand is only expected to rise in the coming years. “The...
Located on a belt of volcanic activity, the archipelagic nation of the Philippines is the fortunate beneficiary of millions of years of violent volcanism and tectonic plate convergence, which have left behind a fortune in mineral wealth just beneath the surface. The attraction of these potential riches has drawn in some of the world’s preeminent...
With the Mining Act of 2005 finally helping to bring stability to the sector and stronger incentives putting investors’ minds at ease, money has begun to flow into the sector in recent years. After a decade of limited foreign investment into mining, averaging $43.13m per annum from 1999 to 2009, according to statistics from Bangko Sentral ng...
While the nickel rush brought about by the commodity price spike in 2006-08 has largely subsided, nickel mining remains by far the largest metallic commodity by weight and value produced in the Philippines.
As attention swirls around the renewable energy push and political haymakers are thrown over the future of oil and gas deposits in the West Philippine Sea, proven and reliable coal quietly maintains its place as the country’s single-most-utilised fuel source. Cheaply and plentifully available in the Philippines, coal was responsible for generating...
Strong demand for oil and gas, particularly in rapidly growing Asian economies, means that finding and securing new sources of hydrocarbons is more important than ever. And with prices remaining strong, the stakes for countries competing for new energy supplies have never been higher. The Philippines’ efforts to boost domestic oil and gas production...
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