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The Philippines is situated along a well-defined belt of volcanoes called the Circum-Pacific Rim of Fire where the process of volcanism and plate convergence resulted in the formation of abundant and important metallic mineral deposits of gold, copper, iron, chromite, nickel, cobalt and platinum.

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The important iron sources of the Philippines are those in Ilocos Norte, Camatines Norte, Cotabato, Nueva Vizcaya, Surigao, Cagayan Valley, Marinduque, Zamboanga, Samar, Bulacan and Davao. The principal deposits of gold silver are found in Benguet. Camarines Norte, Masbate, Bulacan, and Surigao.

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Iron ore, one of the Philippines’ largest mineral deposits, is not being extracted at present. This was due to the higher cost of production, making the local prices of iron not competitive to world prices. However, exploration for possible mining sites is still being done.

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