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Why is Philippines rich in mineral deposits?
The Philippines is blessed with metal and mineral deposits due to its geology. The islands are on the top of underwater mountains that were formed due to the molten rocks from the interior of the earth, which created the ideal setting of a variety of valuable minerals.
Why is the Philippines rich in natural resources?
The Philippines is rich in natural resources. It has fertile, arable lands, diverse flora and fauna, extensive coastlines, and rich mineral deposits. About 30% of the land area of the country was determined be geologically prospective by the Philippine Mines and Geo-Sciences Bureau.
Do you think the Philippines is rich in mineral deposits?
Despite its small area, the Philippines is one of the world’s richly endowed countries in terms of mineral resources. In 1994, the estimated levels of metallic and non-metallic mineral reserves stood at 7 billion metric tons and 50 billion metric tons, respectively.
How mineral deposits are found?
The mineral extraction process begins with finding the location of mineral deposits. Remote sensors that use satellite images and geochemical surveys are just two ways that minerals can be located. Many minerals are then removed through mining or quarrying.
What mineral deposits do we have in the country Philippines?
The Philippines has been ranked as the fifth most mineralised country in the world, with an estimated US$1 trillion in untapped reserves of copper, gold, nickel, zinc and silver.
Why Philippines is considered rich in natural resources in connection to its geographical location?
The Philippines is rich in natural resources. Its fertile land produces a variety of crops such as coconut, copra, banana, pineapples, sugar, gum, resins and rubber. Some of these agricultural crops are raised for export. Rice, which is the staple food of Filipinos, is produced, largely, in the Central Plains of Luzon.
Why is mineral deposits important?
Importance of Minerals We need minerals to make cars, computers, appliances, concrete roads, houses, tractors, fertilizer, electrical transmission lines, and jewelry. Without mineral resources, industry would collapse and living standards would plummet.
What are the minerals deposit in Philippines?
Most of the country’s metallic minerals, including gold, iron ore, lead, zinc, chromite, and copper, are drawn from major deposits on the islands of Luzon and Mindanao. Smaller deposits of silver, nickel, mercury, molybdenum, cadmium, and manganese occur in several other locations.
What is the meaning of mineral deposits?
Mineral deposits are naturally occurring accumulations or concentrations of metals or minerals of sufficient size and concentration that might, under favourable circumstances, have economic value. Mineral resources are naturally occurring concentrations of minerals that are potentially economic to extract.