Show mining world editor reports mining opportunities in philippine islands SAN FRANCISCO california sept 6 the republic of the Phillipp Phillip pines mes is a land of mining jiffies re ports george 0 argall jr editor of mining world in the special sep issue of the internationally known mining magazine his report states the opportunities are there today they are real who should take advantage of thema united states mining companies seeking new mines engineers particularly those v with ith production know how i investment capital both corn com pany and individual opportunities exist already the philippines have the largest private united states investments in the far east machinery Mach mery salesmen seeking markets for united states equipment data for this special report was collected by editor argall during his recent two months trip to the far east in the philippines he spent weeks visiting mines and prospects in the ram rain drenched tropical for ests observing the most modem modern heavy duty open pit equipment being operated by natives and talking to hundreds of leading mining officials government leaders and technical pers oneL As the result of an interview with philippine president magsaysay the president sent a special message to the readers of mining world calling their attention of the desires of his government to attract both local and foreign capital to invest in our mines this we propose to do by enhancing further the favorable climate lor for investments A special table in the issue shows the addan of philippine laws in combar ison with ideal requirements of united states mining companies and proves how favorable the philippine laws are for investments reading the issue will be just like going back to the philippines for a large number of united states engi where ever they may be now they all know that it was their shills that made the mining industry in the islands today there is a philippine min alm ing boom the gold boom of the 1930 s is still remembered and fre referred to in the islands the new boom is actually a base metal boom and events of the last four our months indicate that it has only started copper leads the boom with the world s newest open pit copper mine and flotation plant that of atlas consolidated mining and develop ment corporation on cebu island the firm firms tan on per day mil was placed in operate of february so successful have operations been that expansion to 6 daily tons is virtually completed atlas has been and will continue to be a pace setter for oriental mining atlas has proven that it is possible to operate an open copper mine in the rain drenched tropics at costs comparable with similar sized opera eions in other parts of the world ore special issue might lead to other importance import ane copper mines on negros the firm has developed 10 tons of 0 80 to percent copper ore on samar in a new district high grade secondary copper has been found in tonnages warranting immediate mining the issue outlines how the gold mines continue operations with free market sales and assistance from the government which recognizes the importance of gold mining reserves which are being increased are 37 ZOO tons of 1018 percent ore another one of the world s imbor tant copper mines is also in the philippines it is lepanto ed mining company and is important because of production large developed copper gold reserves low cost production and profitable operations neer neier does nature say one thing and wisdom another juvenal |