best phillipino mining stocks, page-13

The Encyclopædia Britannica has an article (reference: http://search.eb.com/eb/article-23735) that agrees with you grahod about the Philippines being rich in mineral wealth. The first paragraph of that reference says:

"The Philippines is rich in mineral resources. There are major deposits of gold in northern and southern Luzon; iron ore in northern Mindanao and on nearby islands and in central Luzon; copper in west-central Luzon; lead and zinc in western Mindanao; and high-grade chromium ore (chromite) in west-central and southern Luzon, northern Mindanao, and central Palawan. Deposits of silver, nickel, mercury, molybdenum, cadmium, and manganese occur in several other places. Nonmetallic minerals include limestone for cement, found on Cebu, Luzon, and Romblon; salt and asbestos on Luzon; marble on Romblon and Panay; asphalt on Leyte; mineral waters on Luzon; gypsum on Luzon; sulfur on Luzon, Leyte, and Mindanao; guano and phosphate rock on Cebu and Bohol; coal and silica on Cebu and Palawan; and petroleum off the northwest shore of Palawan."