President Ferdinand Marcos Jr. ended his official visit to Canada with nearly $2 billion in investment commitments from Canadian firms focused on mining and IT-BPM sectors.
During roundtable discussions in Vancouver on July 4, Marcos met executives from OceanaGold Corp., which pledged $1.9 billion to extend operations at the Didipio gold-copper mine in Nueva Vizcaya until 2037.
B2Gold Corp. outlined plans to invest $14 million in solar plant expansion and exploration at the Masbate Gold Project. NQX committed $10.3 million over three years to expand its customer experience and software engineering operations in the Philippines.
Trade Secretary Maria Cristina Roque noted that Canadian mining firms expressed satisfaction with the Philippines’ new mining policies and agreed to work closely with the government on strengthening the sector. Marcos described the Philippines as open for responsible resource development and sustainable growth.
