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Mines and Geosciences Bureau marks 125 years of championing sustainable mining, geoscience

THE Mines and Geosciences Bureau (MGB) of the Department of Environment and Natural Resources (DENR) commemorates its founding anniversary every November 29. This 2023 is particularly special as the bureau turns 125 today, coinciding with the celebration of the Mining Month.
Alaminos City Cagayan Valley Philippines General Davao Del Sur Ilocos Sur La Union

Bring them to the fold: DENR bares steps for full 'formalization' of small-scale mining • Jonathan L. Mayuga

A slew of initiatives are now being undertaken by the Department of Environment and Natural Resources (DENR) to “formalize” small-scale mining operations. The move is in recognition of small-scale mining’s role and contribution to the industry and the economy. The formalization of small-scale mining came amid DENR’s review of pertinent laws that cover small-scale mining,
Baguio City Minahang Bayan Ferdinandr Marcos Jr Bangko Sentral Wilfredo Moncano Gil Indino

Royalty fees await large miners in fiscal proposal • Jovee Marie N. de la Cruz

A bill seeking a new fiscal regime for the mining sector—approved on third and final reading last Tuesday by the House of Representatives—tweaks the National Internal Revenue Code (NIRC) of 1997. The measure, embodied in House Bill (HB) 8937, creates four new sections—151-A, 151-B, 151-C, and 51-D—in the NIRC, or Republic Act (RA) 8424 (as
Geosciences Bureau Bureau Of Internal Revenue Department Of Finance National Internal Revenue Code House Bill Republic Act

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New fiscal regime for mining looms • Jovee Marie de la Cruz

The new fiscal regime for the mining sector nears fruition after the House of Representatives approved on second reading a priority measure of the Marcos administration. This was after lawmakers approved through viva voce voting late Monday House Bill (HB) 8937. The measure seeks for an “Act Enhancing the Fiscal Regime for the Mining Industry,”
The Philippines Benjamine Diokno National Internal Revenue Code Geosciences Bureau Monday House Bill Fiscal Regime

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