Mining, quarrying output up 15.1%–PSA

By Cai Ordinario - September 2, 2019

https://businessmirror.com.ph/2019/09/02/mining-quarrying-output-up-15-1-psa/

The value of the output of Philippine mining firms expanded by an annualized rate of 15.1 percent in 2017, according to the latest data released by the Philippine Statistics Authority (PSA).

Data from the 2017 Annual Survey of Philippine Business and Industry (ASPBI) for the mining and quarrying sector showed that the industry’s output rose to P139.3 billion in 2017 from the 2016 record of P121 billion.

Nonferrous metal ores, except precious metals, accounted for the lion’s share of the total at P86 billion, or 61.7 percent.

“The lowest was recorded in mining and quarrying, NEC [not elsewhere classified] with less than 1-percent share, or a total value of output of P52 million,” the PSA said.

The regions that recorded the highest mining and quarrying output were Caraga, Western Visayas and the Mimaropa region. These regions accounted for 53.2 percent, or P74.1 billion, of the total.

Among these regions, Caraga had the highest value amounting to P28.4 billion, or 20.4 percent of the total.

This was followed by Western Visayas and Mimaropa with P24.6 billion and P21.1 billion, respectively.

PSA data also showed that the total intermediate expense incurred by the sector reached P54.9 billion in 2017. This was 21.9 percent higher than the P45 billion posted in 2016.

The sector incurred expenses in the production of goods, such as materials and supplies purchased, fuels purchased, electricity and water purchased, and industrial services done by others plus beginning inventory of materials, supplies and fuels.

Among industry groups, firms engaged in the mining of nonferrous metal ores except precious metals spent the most at P37.1 billion. This is about two-thirds, or 67.7 percent, of the total intermediate expense of the sector.

Quarrying of stone, sand and clay recorded the least with P3 billion, or 5.4 percent, of the total intermediate expense.

Across regions, Caraga incurred the highest intermediate expense amounting to P9.9 billion, or 18 percent, followed by Bicol region and Central Visayas.

Intermediate expense in Bicol reached P9.8 billion, while Central Visayas incurred expenses worth P9.5 billion.

“The generated income per peso expense for the sector stood at 1.27 in 2017. This indicates a decrease of 0.8 percent from the income per peso expense ratio of 1.28 a year ago,” the PSA said.

PSA data showed that industries that had the highest income-expense ratio were noted in the mining of hard coal, and mining and quarrying NEC, both with income per peso expense of 1.62, surpassing the national level.

Support activities for other mining and quarrying reported the least income-expense ratio of 0.96.

At the regional level, Mimaropa recorded the highest return of 1.70 followed by Western Visayas at 1.61; Northern Mindanao, 1.41; Cordillera Administrative Region, 1.35; and Bicol region, 1.30.

Data collected from the survey provide information on the levels, structure, performance, and trends of economic activities of the formal sector in the entire country for the year 2017.

The survey was conducted nationwide in 2018 with the year 2017 as the reference period of data, except for employment where the reference period is as of November 15, 2017.