In 2010, the Tampakan Project contributed PhP2.5 billion (USD54 million) to the Philippine economy through:

• Direct employment of 372 people and a further 1,185 contractors, with an annual waged bill in excess of PhP268 million (USD5.95 million)
• Local purchase of goods and services amounting to PhP565.1 million (USD14.5 million)
• PhP77.3 million (USD1.7 million) in power and fuel charges
• PhP399 million (USD8.9 million) in taxes and fees paid to the government, remitted to the local Bureau of Internal Revenue office. Of this, PhP135 million (USD3 million) went to local government units
• Community partnerships, sponsorships and donations totaling more than PhP135 million (USD3 million)
• Other purchase of goods and services in the Philippines, amounting to PhP966 million (USD20 million).

(Please note the exchange rate applied is USD1 = 45.12 PhP for the year 2010.)

For further information regarding our contribution to the Philippines economy in 2010, please refer to our Tampakan Project Sustainability Report.