The Chamber of Mines of the Philippines (COMP) expects the local mining industry to once again become a major driver of the national economy in the near term, driven by the recent implementation of favorable reforms. Speaking before the 2025 Mining Philippines International Conference and...
The Chamber of Mines of the Philippines (COMP) said recent reforms in the mining industry, focused on policy stability and ease of doing business, will help drive more investments into the country. “Under President Ferdinand R. Marcos Jr., the Philippine government has sent a clear and consistent...
The country’s leading mining groups welcomed the bicameral conference committee’s decision to remove the highly contentious ore export ban from the reconciled version of the bill seeking to reform the mining fiscal regime. In separate statements on Wednesday, June 11, the Chamber of Mines of...
The mining sector is amenable to the government’s planned higher taxes as long as the move will not put them out of business and not discourage the strong interest by the world’s top mining giants to invest in the country. Mike Toledo, president of the Chamber of Mines of the Philippines...
The Chamber of Mines of the Philippines (COMP) lauded the lifting of open pit mining ban in South Cotabato saying this will finally pave the way for the development of the Tampakan copper gold project in Mindanao. Based on COMP estimates, the initial 10 years of operation of the Tampakan...
The Chamber of Mines of the Philippines (COMP), composed of some of the biggest mining companies in the country, has adopted a major climate change protocol to align with the global sustainability initiative among many mining companies around the world. 51395 In a statement, COMP said it has...
After suffering from major regulatory impediments for nearly a decade, it may take some time before the mining sector of the Philippines, one of the most highly mineralized countries in the world, to recover despite the government’s recent policy decisions that favor the industry. On Thursday,...
After enduring years of intense scrutiny under the Duterte administration, the mining sector is now at the receiving end of a series of surprisingly positive policy decisions and considerations. The government is now considering lifting the ban on open-pit mining method more than two...
Despite EO 130 The mining sector will remain under scrutiny despite President Rodrigo Duterte's recent decision to lift the moratorium on new mining operations, a top government official said. As a start, Environment Secretary Roy Cimatu said the government is considering imposing more...
The mining sector lauded President Rodrigo Duterte’s latest move to issue Executive Order (EO) 130, lifting the moratorium on new mining projects under EO 79 of the Aquino Administration. Photo credit: https://www.facebook.com/ChamberOfMinesofthePhilippines In a statement, Chamber of Mines of the...
The Office of the President (OP) was urged to cancel the ‘stay order’ issued on mining companies with pending suspension and closure orders. This as such move will not do anything for the Philippine economy. “We demand that the Office of the President immediately cancels this ‘Stay...
The Philippine government has allowed the mining companies that were suspended and ordered closed by former Environment Secretary and late Regina Paz Lopez in 2017 to continue operating. Mines and Geosciences Bureau (MGB) Director Wilfredo Moncano said on Tuesday that the government has decided to...
