In the first half of 2012, the value of metal minerals in the Philippines decreased by 26%

Data from the Philippines Minerals and Geology Bureau (MGB) showed that in the first half of the year, the output value of metal minerals in the Philippines was 51.21 billion pesos, which was 26% lower than the 69.24 billion pesos in the same period of last year. MGB attributed this to the Philippine Central Bank’s purchase of only 786 kilograms of gold, a decrease of 95% compared to the same period of last year. In the first half of the year, the Philippines’ gold output fell by 59.15% to 18.18 billion pesos.