MINING

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With an estimated US$ 1.4 trillion in mineral reserves, especially gold, copper, nickel, aluminum, and chromite, the mining potential of Philippines is one of largest in the world. According to the Mines and Geosciences Bureau (MGB), the archipelago is second in the world in gold and third in copper resources. The country is ranked top five in the world for overall mineral reserves, covering an estimated nine million hectares, although less than 2% has received mining permits.

Background

The Philippine mining industry is fortunate to have, aside from the country's substantial mineral resources, a regulatory framework favorable and attractive to investment. After stagnating for almost a quarter century, the mining sector of the economy is making a comeback following a Supreme Court decision in 2005 affirming the Philippine Mining Act of 1995 (RA 7942). [ Read This Chapter ]

Recommendations

The prevalent external perceptions are of corruption, Church intervention on mining issues, and inconsistent policy. These perceptions deter new investors. [ Read This Chapter ]

PH miners issue ‘wish list’

26 November, 2015 at 09:01

THE CHAMBER of Mines of the Philippines has drawn up an industry wish list which the group hopes would guide the next administration in crafting economic policy.

House body rushes mining, soda tax bills

21 October, 2015 at 15:00

WITH LESS than four months of congressional session left before the May 2016 national elections — and legislative leaders already straining to muster the quorum needed for final approval of bills…

‘Interventions’ sought for mining

20 October, 2015 at 16:00

EXECUTIVE officials overseeing the country’s mining sector will meet later this week to identify more ways to buoy the industry amid a standing moratorium on new permits, an official of the Mines and Geosciences Bureau (MGB) said last week.

Binay to traders: Yes to mining, no...

7 September, 2015 at 14:26

Should he win the presidency, Vice President Jejomar Binay promised to get things done, including pushing for mining in the country and doing away with the “PowerPoint presentation” style of leadership—an apparent dig at the Aquino administration.

Grandfather Rule, a supplement to the Control...

7 July, 2015 at 14:49

Taxwise Or Otherwise Elinor E. de Gracia Certain provisions of the Philippine Constitution were crafted to protect the rights of

Governor shuts down nickel mining in Oriental...

8 June, 2015 at 16:58

by Jerry J. Alcayde June 5, 2015 Calapan City, Oriental Mindoro — Governor Alfonso V. Umali Jr., has issued a cease and desist order against

House OKs Timta despite business-sector opposition

8 June, 2015 at 09:58

by Jovee Marie de la Cruz – June 6, 2015 By Jovee Marie N. dela Cruz DESPITE opposition from foreign and local businessmen, the

Mining Companies in Philippines Face Many Travails

2 June, 2015 at 18:29

Red tape, opposition from indigenous people mar efforts to fulfill country’s mining potential By TREFOR MOSS May 12, 2015 5:44 p.m.

PBG-JFC Statement on Tax Incentives Management and...

1 June, 2015 at 10:20

PBG-JFC Statement Tax on Incentives Management and Transparency Act

A foreign-designed economic development plan

18 May, 2015 at 10:28

AT GROUND LEVEL By Satur C. Ocampo (The Philippine Star) | Updated May 16, 2015 – 12:00am Under no other administration than

DENR clips local executives’ powers in award...

16 April, 2015 at 18:23

DENR clips local executives’ powers in award of small-scale mining deals by Jonathan L. Mayuga – April 11, 2015 THE Department of

Time running out for mining revenue-sharing bill

13 April, 2015 at 11:05

Posted on April 07, 2015 10:55:00 PM By Melissa Luz T. Lopez, Reporter THE PHILIPPINES may run out of time to pass a proposed law that contains

JFC letter to Sen. Ejercito on Mining-free...

19 March, 2015 at 13:35

Mining-free zone bills – Biliran – Ejercito letter SB 2676 – Biliran mining-free zone – Ejercito

USAID TRADE Newsletter and Trade, Investment &...

17 March, 2015 at 17:11

2015FebruaryNewsletter Monthly TII Indicators (February 2015)

Ports remain congested, traders say

12 March, 2015 at 15:30

Philippine Daily Inquirer 5:01 AM | Thursday, March 5th, 2015 Amy R. Remo   Business groups have remained skeptical of claims made by the

PHL better off enforcing current mining law...

12 March, 2015 at 15:30

Posted on March 04, 2015 08:50:00 PM By Melissa Luz T. Lopez, Reporter   THE GOVERNMENT should focus on better enforcement of the current