The mining industry is still enjoying a continuous string of goods news as the Philippine government gives in to a years-long clamor by mining companies to allow the automatic renewal of the exploration period in the country. This means that a mining company exploring minerals in an area no longer...
Executive Order No. 13 0 The government has formally repealed the ban on open-pit mining method in the country, at least based on draft implementing rules and regulations (IRR) of Executive Order (EO) 130. Based on the draft of the three-page IRR, the government repealed, amended, and...
Although the majority of the mineral commodities registered a decline in output, the value of the Philippines’ total mineral production during the first three months of 2021 managed to rise by 14.11 percent to P28.91 billion from P25.34 billion during the same period last year. This was...
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 Philippine government has already finalized the updated Financial and Technical Assistance Agreement (FTAA) with Australian-Canadian miner OceanaGold Corporation (OceanaGold) nearly two years since the major mining deal expired. MGB Director Wilfredo Moncano (Photo credit:...
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...
The Philippines’ nickel output declined in 2020 amid the COVID-19 pandemic, but thanks to higher global prices, its full-year export value went up to P25 billion. Citing data from Mines and Geosciences Bureau (MGB), Philippine Nickel Industry Association (PNIA) revealed that the country’s...
The Department of Finance (DOF) wants to revive the mining industry to create jobs in rural as well as generate revenues for the government’s efforts in rebuilding the economy hit by the pandemic. At the virtual Philippine Business Conference and Expo, Finance Secretary Carlos G. Dominguez III...
