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INVESTMENT
OPPORTUNITIES MARBLE QUARRYING & PROCESSING: Marble reserve in Davao Oriental, which is estimated at 200 million cubic meters, is comparable to the finest class in the world. Marble is abundant in Mati, San Isidro, Tarragon, Lupon and Gov. Generoso. Existing small-scale marble processing plants are present in San Isidro and Kinaiyahan Development Multi-Purpose Cooperative in Mati. Marble processing has a bright prospect considering the house/building construction boom as well as the increasing demand from the foreign market especially the BIMP-EAGA. OTHER MINING PROSPECTS AND PROCESSING: Davao Oriental is blessed with substantial magnesite deposite. Magnesite reserve is estimated at 50, 500 metric tons (42,00% MgO) in Banaybanay and 26,000,000 metric tons (36,00% MgO) in Lupon. The province is also rich in calcite - the main ingredient in cement manufacturing. Large calcite deposits can be found in Tarragona, Manay, Caraga and Baganga. DEEP SEA FISHING AND FISH PROCESSING: Davao Oriental
has a coastline of 448 km., the longest in Region XI. The presence of
six fishing grounds in Davao Oriental provide deep-sea fishing business
opportunities especially with the introduction of modern fishing technology.
Major species caught in the area include yellow fin tuna, blue bonito,
big-eyed scads, skipjack, round skad, Spanish mackerel, frigate mackerel
and other. Governor Generoso is one of the rich fishing grounds in Davao
Oriental. An existing 600 hectares of cacao plantation operation by the mayo Agri-Industrial Development Enterprises (MAIDEN) produces an average yield of 1.15 tons per hectare per year of dried cacao beans. This represents 15% contribution to the total national production of cacao. The province is good area for cacao plantation since it is outside the typhoon belt, has fertile soil and evenly distributed rainfall. COCONUT AND BY PRODUCTS PROCESSING: Coconut is the major crop of the province. It has a total crop area of 150,500 hectares and contributes the biggest share in Region XI output which is around 35%. The major products export by the province are crude oil and copra pellets. International Copra Exports Corporation (INTERCO) exported 8,000 metric tons of crude oil and 4,000 tons of copra pellets per months. ABACA PRODUCTION AND PROCESSING: There are 2,010
hectares planted with abaca and a target area of 5,482 hectares of expansion
based on the report of the Fiber Industry and Development Authority (FIDA).
In support to the abaca production program, the establishment of Abaca
Tissue Culture Laboratory was undertaken to produce disease-free planting
materials in the province.
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Copyright© PhilCom Corporation, Mindanao Operations, Philippines. 2002.
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