There were two noticeable items in the newspapers today: one was that the Phil Government is taking over old abandoned mines to take advantage of the very high metal prices in the world market, especially gold breaching the $2,000.00 per ounce price, and 2, the full page ad where Pres. Aquino and Chinese counterparts witnessed the signing of agreements between Filipino and Chinese mining counterparts. Jinchuan Group and Macro Asia will invest $lBillion for its mining concession in Brookes Point Palawan.
The old abandoned mines may contain deposits worth over P88 Billion according to Mines and Geosciences Director Leo Jasareno
Some questions:
l. Will you be opportunity seeking businessman/citizen now that gold is at this very high level?
2. Will you go for save the earth movement, the mantra of social entrepreneur? Save the planet, rather than go for the very high profit?
3. What happened to toxic tailings of gold mines destroying marine and aquatic life? I understand cyanide is used to extract gold from the ore? The 2t dollars/ounce price can take care of that?
What is your comment/opinion?
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