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Sitting On Top of Gold
« on: December 19, 2008, 08:28:19 AM »
By Aurelio Pena

Filipino jewelry makers from seven small towns here who just started to churn out little pieces of gold earrings, rings, bracelets, pendants, necklaces, etc. a few years back, are sitting on mountains of gold.

Deep beneath the rugged mountain ranges of Compostela Valley lies a rich ore field containing gold with a density of 25 to 100 grams per metric ton, approximately 25 to 50 times more than the famous gold ore at the Witwatersrand Basin in South Africa, according to United Nations Industrial Development Organization (UNIDO) data.

"It's still largely untapped -- even with all the gold mining there all these years. There's still so much gold there," a Bureau of Mines spokesman here said.

These seven small towns in the Philippines' richest valley are sitting today on top of 36,328,700 metric tons of gold, with the small mining town of Mabini topping the list with around 17 million metric tons of gold underneath, according to data provided by the Bureau of Mines here.

The other gold-laden towns are New Bataan with 15,594,689 metric tons of gold, Maco with 2,304,010 metric tons, Monkayo with 670,000 metric tons, Pantukan with 500,000 metric tons, Nabunturan with 198,000 metric tons and Compostela with 62,000 metric tons.

Towns with lesser volumes of gold ore, however, have bigger deposits of copper ore, one of the most sought-after minerals here. These copper-laden towns include Pantukan with a whopping 245 million metric tons of copper, followed by Maco with 68 million metric tons and New Bataan with 50 million metric tons.

Compostela Valley governor Arturo Uy said the valley's quality of gold goes as high as 18 karats while its silver comes out 100 percent pure, making the valley one of the world's best sources of high-quality gold and silver.

"This place is going to be the primary source of gold and silver for the country's jewelry industry and the world's markets," says Uy.

So far, the mountain district of Diwalwal in Monkayo along the Mt. Diwata rugged mountain ranges, is the most visible and popular in the country. This famous gold mining site has produced billions of US dollars worth of gold during the last 30 years since gold was discovered here, according to Uy.

Blessed with so much gold and silver, this rich valley has started developing its own jewelry-making industry with the help of the region's Department of Trade and Industry (DTI).

At least seven small jewelry manufacturing shops had been set up at Diwalwal during the last few years after the province was included in the nationwide One Town One Product (OTOP) program of the government which identified jewelry-making as one of the emerging industries of Compostela Valley.

Other industries of the province include furniture-making, banana production, diary production, fish production, rice and corn production, food processing, gold production and processing, etc.

"Jewelry-making has all the potentials of succeeding in Compostela Valley because of all that gold over there," says DTI regional director Marizon Loreto.

"And to their advantage, this region has its own pool of product designers who can turn out creative jewelry designs for local and foreign markets," she added. (PNA Feature)

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Re: Sitting On Top of Gold
« Reply #1 on: January 20, 2009, 12:51:45 PM »
currently, there is an ongoing effort to revive the jewelry-making tradition of the people of dauis. for more info, you may visit cafe lawis in dauis.
:-)

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Re: Sitting On Top of Gold
« Reply #2 on: January 28, 2009, 07:37:16 PM »

calle, tnxs  for the proposal.  i will do  it next time, had missed it  during my last vacation. seems to be very interesting where young tagbilaranon used to hang out.

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Re: Sitting On Top of Gold
« Reply #3 on: January 29, 2009, 08:52:35 AM »
bam, kung mukaon ka didto ug dinner, pagpareserve daan. kung merienda lang, ok ra way reservation. nay pics gipost sa usa nato nga kauaban diri sa tb sa talk of the town na thread, bea zobel nga subthread.

kudos!



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