Production value	-	P41.5 Billion
Value-Added Contribution	-	P17.9 Billion or 1.5 % of Phil. GDP
Exports	-	US$638 million or 1.8 % of total Phil. exports
Approved FDI in mining	-	P855 Million
Employment	-	104,000
Wages and benefits	-	P4 to 5 Billion
Taxes and fees	-	P2 Billion
Multiplier effect		For each mining job, 4 to 10 allied jobs created upstream and downstream

11. Economic Potentials of the Philippine Minerals Industry

Currently, the Philippines has the potential to produce twenty-three (23) additional new metal mines in the next six to ten years with a potential investment of US$ 6 Billion and a potential annual foreign exchange of at least US$ 7 Billion from sales of mineral products. In addition to these projects which are now in their advanced state of development, there are thirty-seven other projects which are in various stages of exploration.

It has also the potential to contribute substantially to development of communities, local government and the economic growth of the country, in general. If allowed to develop fully, it can be an effective instrument in poverty alleviation particularly in the countryside.