- Philippine mineral production increased in both quantity and value in 2010 compared to 2009, with total production valued at PHP 111 billion in 2010 versus PHP 79.6 billion in 2009, a 39% increase. - Gold production increased 10% in quantity and 34% in value, with the largest producers being Philippine Gold Processing & Refining Corp. and Philsaga Mining Corp. - Copper production increased 16% in quantity and 46% in value, led by Carmen Copper Corporation and Philex Mining Corporation. - Nickel production from direct shipping ore increased 59% in quantity and 87% in value, primarily from increases at Platinum Group Metals Corporation and CTP Construction & Mining Corp

1. Table 1
PHILIPPINE METALLIC MINERAL PRODUCTION
CY 2010 VERSUS CY 2009
(As of February 28, 2011)
Unit CY 2010 CY 2009 % Change
Mineral Commodity
Used Quantity Value Quantity Value Quantity Value
PRECIOUS METALS 71,698,391,862 53,484,238,695 34
Gold KGS. 40,847 70,508,198,235 37,047 52,767,768,760 10 34
Silver KGS. 41,004 1,190,193,627 33,807 716,469,935 21 66
BASE METALS 39,389,031,066 26,176,891,513 50
Copper Concentrate DMT 236,814 15,775,710,591 203,414 10,818,415,730 16 46
Copper Content of Concentrate MT 58,412 49,060 19
Nickel Concentrate DMT 33,539 9,795,473,000 30,333 7,737,770,000 11 27
Nickel Content of Concentrate MT 19,312 17,035 13
Nickel Direct Shipping Ore DMT 13,172,543 13,198,076,764 8,283,110 7,070,134,160 59 87
Nickel Content of Ore MT 153,679 122,709 25
Metallurgical Chromite DMT 14,807 117,135,758 14,322 126,322,080 3 (7)
Zinc Concentrate DMT 19,819 502,634,953 21,676 424,249,542 (9) 18
Zinc Content of Concentrate MT 9,268 10,035 (8)
TOTAL 111,087,422,928 79,661,130,208 39
Table 2
PHILIPPINE GOLD PRODUCTION
Quantity: In kilograms
Value: In PhP
JAN-DEC, 2010 JAN - DEC, 2009 % Change
Name Of Producer Project Name
Qty. Value Qty. Value Qty. Value
PRIMARY PRODUCERS 35,606 61,387,644,536 32,184 46,150,062,002 11 33
Phil. Gold Processing & Refining Corp. Masbate Gold Project 5,536 9,775,851,617 2,286 3,581,101,994 142 173
Philsaga Mining Corp. Banahaw Gold Project 3,225 5,885,720,343 2,134 3,306,555,339 51 78
APEX Mining Company Inc. APEX Maco Operation 778 1,379,439,973 645 968,862,518 21 42
Lepanto Cons. Mng. Corp. Victoria Gold Project 712 1,272,086,277 842 1,243,592,633 (15) 2
Benguet Corporation Acupan Contract Mng. Project 99 176,333,587 66 97,667,261 51 81
Johson Gold Mning Corp. Paracale Gold Project 24 32,268,333 25 30,878,240 51 81
Lepanto Cons. Mng. Corp. Teresa Gold Project 0 0 74 105,077,946 (100) (100)
Philippine Mining Development Corp. Diwalwal Direct State Dev't Project 0 0 0 0
Various Small Scale Mines based on
Purchases of BSP* Gold Purchases of BSP from SSM*
25,232 42,865,944,406 26,112 36,816,326,072 (3) 16
SECONDARY PRODUCERS 5,240 9,120,553,698 4,863 6,617,706,758 8 38
Philex Mining Corp. Padcal Copper Project 4,153 7,147,608,446 3,689 5,098,705,815 13 40
Rapu-Rapu Processing Inc. Rapu-Rapu Polymetallic Project 705 1,307,201,561 715 812,327,316 (1) 61
TVI Resources Dev't Phil. Inc. Canatuan Mining Project 198 342,584,633 208 325,557,634 (5) 5
Carmen Copper Corporation Toledo Copper Corp. 184 323,159,059 252 381,115,993 (27) (15)
TOTAL 40,847 70,508,198,235 37,047 52,767,768,760 10 34
1. Secondary producers have copper as primary product
2. *Less purchases from Acupan SSM Project, Banahaw Gold Project and Diwalwal Projects
Table 3
PHILIPPINE SILVER PRODUCTION
Quantity: In kilograms
Value: In PhP
JAN-DEC, 2010 JAN - DEC, 2009 % Change
Name Of Producer Project Name
Qty. Value Qty. Value Qty. Value
PRIMARY PRODUCERS 9,648 291,484,758 5,597 133,493,849 72 118
Phil. Gold Processing & Refining Corp. Masbate Gold Project 4,635 139,231,524 1,537 39,717,511 202 251
APEX Mining Company Inc. APEX Maco Operation 3,426 104,219,722 2,475 58,619,860 38 78
Lepanto Cons. Mng. Corp. Victoria Gold Project 1,221 36,497,825 1,264 28,077,172 (3) 30
Philsaga Mining Corp. Banahaw Gold Project 351 11,218,109 154 3,552,834 129 216
Johson Gold Mning Corp. Paracale Gold Project 14 317,579 52 1,047,208 (72) (70)
Lepanto Cons. Mng. Corp. Teresa Gold Project 0 0 109 2,347,753 (100) (100)
SECONDARY PRODUCERS 31,356 898,708,869 28,210 582,976,086 11 54
TVI Resources Dev't Phil. Inc. Canatuan Mining Project 15,389 440,261,269 13,926 310,895,698 11 42
Rapu-Rapu Processing Inc. Rapu-Rapu PolymetalicProject 10,480 285,682,019 9,527 162,027,699 10 76
Philex Mining Corporation Padcal Copper Project 4,096 131,825,555 3,623 83,981,622 13 57
Carmen Copper Corporation Toledo Copper Corp. 1,391 40,940,025 1,135 26,071,066 23 57
TOTAL 41,004 1,190,193,627 33,807 716,469,935 21 66
Table 4
PHILIPPINE COPPER PRODUCTION
Quantity: Concentrate in DMT
Copper content of concentrate in MT
Value: In PhP
JAN-DEC, 2010 JAN-DEC, 2009 % Change
Name of Producer Project Name
Qty. Value Qty. Value Qty. Value
Carmen Copper Corporation Toledo Copper Corp.
Concentrate 96,789 5,711,237,478 63,962 3,885,789,392 51 47
Copper content of concentrate 27,241 18,105 50
Philex Mining Corporation Padcal Copper Project
Concentrate 65,342 5,553,760,321 62,263 3,740,084,222 5 48
Copper content of concentrate 16,157 15,313 6
TVI Resources Dev't Phil. Inc. Canatuan Mining Project
Concentrate 48,218 2,981,291,256 50,572 2,166,212,175 (5) 38
Copper content of concentrate 9,042 9,423 (4)
Rapu-Rapu Processing Inc. Rapu-Rapu Polymetallic Project
Concentrate 26,465 1,529,421,536 26,617 1,026,329,941 (1) 49
Copper content of concentrate 5,972 6,219 (4)
TOTAL
Concentrate 236,814 15,775,710,591 203,414 10,818,415,730 16 46
Copper content of concentrate 58,412 49,060 19
Table 5
PHILIPPINE ZINC CONCENTRATE PRODUCTION
Quantity: Concentrate in DMT
Zinc content of concentrate in MT
Value: In PhP
JAN-DEC, 2010 JAN-DEC, 2009 % Change
Name of Producer Project Name
Qty. Value Qty. Value Qty. Value
Rapu-Rapu Processing Inc. Rapu-Rapu Polymetallic
Concentrate 19,819 502,634,953 21,676 424,249,542 (9) 18
Zinc content of concentrate 9,268 10,035 (8)
TOTAL
Concentrate 19,819 502,634,953 21,676 424,249,542 (9) 18
Zinc content of concentrate 9,268 10,035 (8)

2. Table 6
PHILIPPINE NICKEL PRODUCTION
Quantity: Direct Shipping Ore in DMT
Nickel content of ore in MT
Value : In PhP
2010 (JAN-DEC) 2009 (JAN-DEC) % CHANGE
Name Of Producer Project Name
Qty. Value Qty. Value Qty. Value
CTP Construction & Mining Corp. Adlay Nickel Project
Direct Shipping Ore 3,192,252 2,374,481,592 2,747,865 1,989,173,417 16 19
Nickel content of ore 31,406 60,971 (48)
CTP Construction & Mining Corp. - CNC Carrascal Nickel Project
Direct Shipping Ore 2,772,540 2,043,788,780 728,694 529,127,520 280 286
Nickel content of ore 22,424 7,011 220
Platinum Group Metals Corporation Cagdianao Nickel Project
Direct Shipping Ore 2,438,547 3,373,469,605 1,247,609 1,369,631,401 95 146
Nickel content of ore 32,807 15,077 118
Hinatuan Mng. Corp. Tagana-an Nickel Project
Direct Shipping Ore 1,585,440 1,045,185,632 1,497,155 683,280,000 6 53
Nickel content of ore 18,992 10,883 75
Rio Tuba Nickel Mng. Rio Tuba Nickel Project
Direct Shipping Ore 921,654 921,870,000 204,933 136,040,000 350 578
Nickel content of ore 16,648 4,008 315
Taganito Mining Corp. Claver Nickel Project
Direct Shipping Ore 827,660 2,231,858,227 368,826 1,169,431,462 124 91
Nickel content of ore 15,299 7,513 104
SR Metals, Inc. Tubay Nickel-Cobalt Project
Direct Shipping Ore 500,240 450,033,373 1,114,230 701,069,613 (55) (36)
Nickel content of ore 5,635 10,116 (44)
Shuley Mine Incorporated Nonoc Nickel Project
Direct Shipping Ore 377,193 317,180,100 0 0
Nickel content of ore 3,475 0
Cagdianao Mining Corp. Cagdianao Nickel Project
Direct Shipping Ore 256,722 268,913,479 361,288 487,151,568 (29) (45)
Nickel content of ore 4,494 6,725 (33)
Shenzhou Mining Group Corporation Tandawa Nickel Project
Direct Shipping Ore 240,179 112,447,808 0 0
Nickel content of ore 1,808 0
CTP Construction & Mining Corp. Dahican Nickel Project
Direct Shipping Ore 35,546 20,687,130 0 0
Nickel content of ore 224 0
Marcventures Mining & Development CorpCantilan Nickel Project
Direct Shipping Ore 24,570 38,161,040 0 0
Nickel content of ore 467 0
Zambales Diversified Metals Corporation Sta. Cruz-Candelaria Mng. Project
Direct Shipping Ore 0 0 12,510 5,229,180 (100) (100)
Nickel content of ore 0 405 (100)
Berong Mining Corp. Berong Nickel Project
Direct Shipping Ore 0 0 0 0
Nickel content of ore 0 0
Oriental Synergy Mining Corporation Urbiztondo Nickel Laterite Project
Direct Shipping Ore 0 0 0 0
Nickel content of ore 0 0
Total
Direct Shipping Ore 13,172,543 13,198,076,764 8,283,110 7,070,134,160 59 87
Nickel content of ore 153,679 122,709 25
*Note that the figures stated for Rio Tuba Nickel Mining do not include the nickel ore sold to Coral Bay Nickel Corporation.
Table 7
PHILIPPINE NICKEL CONCENTRATE PRODUCTION
Quantity: Concentrate in DMT
Nickel content of concentrate in MT
Value: In PhP
JAN-DEC, 2010 JAN-DEC, 2009 % Change
Name of Producer Project Name
Qty. Value Qty. Value Qty. Value
Coral Bay Nickel Corporation Hydrometallurgical
Concentrate Processing Plant 33,539 9,795,473,000 30,333 7,737,770,000 11 27
Nickel content of concentrate 19,312 17,035 13
TOTAL
Concentrate 33,539 9,795,473,000 30,333 7,737,770,000 11 27
Nickel content of concentrate 19,312 17,035 13
Table 8
PHILIPPINE METALLURGICAL CHROMITE PRODUCTION
Quantity: In DMT
Value: In PhP
JAN - DEC, 2010 JAN - DEC, 2009 % CHANGE
Name Of Producer Project Name
Qty. Value Qty. Value Qty. Value
Krominco Inc. Dinagat Chromite Project
Ore 7,329 58,341,881 5,224 46,056,982 40 27
Concentrate 7,478 58,793,877 9,098 80,265,098 (18) (27)
Total 14,807 117,135,758 14,322 126,322,080 3 (7)