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Valuation of Aggregate Operations for Banking Purposes (Sand and Gravel and Crushed Stone) Aggregate consists of sand and gravel and crushed stone. The principal consumers of sand and gravel and crushed stone materials are the highway and building construction industries. The principal construction uses include:

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The Philippine Mining Bureau was set up in 1900 to process and administer claims and all related transactions pertaining to mining. The Benguet Mine was opened in 1907. It was the first modern gold mine in the Philippines. Seventeen other mining companies followed suit in Baguio and Benguet. Commercial mining was born in the Philippines.

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