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So instead of closing down the business, many of the smaller mines have chosen to move farther into the jungle and still carry on their business, but now illegally and in the dark.
The Philippines has the largest copper gold deposits in the world and is the fifth most mineral rich country for gold, nickel, copper and chromite. According to official statistics small-scale gold mining together with large-scale mines producing about 18 tons of gold yearly, at a market value of over US$700 million. But this figures are not reliable cause up to 90% of the gold findings in the Philippines is smuggled out from non-controlled buying stations.
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