Bantay Kita-PWYP Philippines was formed in 2009 and joined PWYP in 2013. The coalition supports EITI implementation and carries out capacity building to enhance stakeholder participation in the initiative. It has also focused on national legislation, campaigning for important transparency measures to be included in the country’s mining code and for the removal of unfair fiscal incentives for mining companies. Bantay Kita-PWYP Philippines supports its members through capacity building, research and the exchange of experience and information. It also conducts projects at the subnational level, with two transparency initiatives in Compostela Valley and South Cotabato.
Bantay Kita-PWYP Philippines has campaigned for important transparency measures to be included in the country’s mining code and for the removal of unfair fiscal incentives for mining companies
Key resources: copper, nickel, iron, cobalt, silver and gold.
The Philippines is estimated to have the fifth largest mineral reserve in the world, valued at an estimated US$1.4 trillion.
In 2014, the Philippines launched a tender for exploration of 11 oil and gas blocks in the South China Sea, said to hold an estimated 165 million barrels of oil and 3.5 trillion cubic feet of natural gas.
Companies operating here include Apex Mines, Glencore and Oceana Gold.