'Go for gold': Mining revival to spur economic recovery

'Go for gold': Mining revival to spur economic recovery – Manila Bulletin


Published April 29, 2021, 12:12 AM
After shepherding the enactment of new laws that would spur economic recovery, the Duterte administration lifted a nine-year moratorium on new mining projects with the recent issuance of Executive Order Number 130. 
EO No. 130 repealed Section 4 of EO No. 79 issued by then President Benigno Aquino III that prohibits the grant of mineral agreements “until a new legislation rationalizing existing revenue sharing schemes and mechanisms shall have taken effect.”
The repealed regulation now reads as follows: “The government may enter into new mineral agreements, subject to compliance with (the) Philippine Mining Act of 1995 and other applicable laws, rules, and regulation.”

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