Sand Sea Philippines
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Description
In the first half of 2008 Alexandra Mining & Oil Ventures, Inc., took a bullish position on the potential for new investment and development in the local mining industry. The company were much still cautious, however, in April presidential press secretary Ignacio Bunye gave the upbeat view. He noted significant interest and investment from foreign majors since a 2005 Supreme Court ruling that clarified ownership rights and opened up the industry. Total foreign investment in mining in 2004-2008 had been US$1.4bn. and Bunye expected another US$9bn to be invested by 2011, with the bulk of the money coming in between 2008 and 2010.
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Sand Sea Philippines
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