The volcanic nature of the Philippine islands has influenced the abundance of mineral deposits in the Philippines.

An excerpt from the article 24 facts about Philippines

Estimates indicate that the Philippines has the second-largest gold deposits, after South Africa, and one of the largest copper deposits in the world. There are also rich deposits of zinc, chromium, and nickel. However, poor management, as well as many other factors, contribute to these deposits being largely untapped.

The Philippines, on the other hand, has been extremely effective in harnessing geothermal energy from volcanoes. They are the world's second-largest producer of geothermal energy, after the United States, supplying 18% of the country's electricity needs.