PRECIOUS ROCK. Rocks that contain gold ores such as this are abundant in the mountains of Davao region. (davaotoday.com photo by Medel V. Hernani)
Davao mountains yield gold, but gov’t paid cheap
With the number of mining firms under exploration concessions, gold, nickel and copper in the rocky mountains of Davao region continue to be up for grabs. But government earnings from the excise taxes paid by mining firms are small.
