Move away from the rapidly urbanizing capital cities and underneath the ground, gold, copper, platinum, zinc, iron ore, tin, nickel, lead and coal (thermal and coking) can be found in the region. The new millennium saw both countries suffering from the after effects of the Asian Financial crisis, a fall in commodity prices and the Bre-X scandal. The 1995 Mining Law has bought about significant changes, allowing for 100% foreign investment under a Financial or Technical Assistance Agreement (FTAA), as well as introducing Mineral Production Sharing Agreements (MPSA) for partnerships between Philippine and foreign companies.
Rim of Fire Anonymous Engineering and Mining Journal; Nov 2008; 209, 9; Docstoc pg. 104 Reproduced with permission of the copyright owner. Fur
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