A proposed mining project for a gold mine in the Philippine Sea is going live in the country.
The Philippine Development Authority announced the project in a press release on Monday.
The project is for a mine at the Bintang-bintang Binteng mine, which is located in the Banten Islands, which are just off the coast of the Philippine mainland.
The project is estimated to have an estimated value of $30 billion.
The Bintong River Basin, which was formerly the Bongang Valley, is also a popular spot for mining activity, according to the project developers.
It is estimated that there are around 15,000 tons of gold and other metals in the region.
A survey conducted by the Philippine Development Agency found that most of the gold and silver mined in the Philippines comes from the Bexang region.
The mining is being conducted on a 1,200-foot-long and 150-foot wide mine shaft, which will be used to mine gold and lead ore.
While the mining operation is expected to be completed by 2019, the company is not disclosing the exact date or location of the mine.
The mines will be operated by the Bali Mining Corporation.
As of now, the Baccalaureate mining school and the mining company are working together on the project, which has already been approved by the Government of the Philippines.
“It is a very important project for the Philippines, and the Bimang-Bintang Basin is known as the Gold Belt,” the BDI said in a statement.
“With the development of our mine and the exploration of Bintanga, we hope to increase the mine’s productivity and contribute to the local economy by developing our own mining operations.
The mine will also help the Bilibid River Basin recover its mineral resources, which include gold, silver and iron ore.”
The Bintanang Mining Company is also looking to invest in a gold project in the northern Philippines.
The company is currently in the process of acquiring a 1.7 million-square-meter (5.7-million-square foot) mine site in the Nambu province.