Vimarsana
Biggest News Aggregation in the World

Ajor Issues Concerning Mining Operations News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Ajor Issues Concerning Mining Operations. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Ajor Issues Concerning Mining Operations Today - Breaking & Trending Today

DOF backs DENR move to lift ban on open-pit mining - Vimarsana News

DOF backs DENR move to lift ban on open-pit mining

Published: December 30, 2021

Finance Secretary Carlos Dominguez III MANILA - The Department of Finance (DOF) has expressed its support behind the recent decision of the Department of Environment and Natural Resources (DENR) to lift the ban on open-pit mining as it voiced full confidence in the government's capability to strictly regulate mining operations to address and minimize the impact posed by these extractive activities on the environment. In backing the DENR's decision, Finance Secretary Carlos Dominguez III said Republic Act (RA) No. 7942 or the Philippine Mining Act of 1995 does not prohibit open-pit mini...

Source: philippinetimes.com
Related Topics:
United StatesRoy CimatuClimate Change CommissionMining Industry Coordinating CouncilDepartment Of FinanceDepartment Of EnvironmentNatural ResourcesFinance Secretary Carlos DominguezRepublic ActPhilippine Mining ActFinance Secretary Carlos Dominguez Iii Manila The Department Of Dof Has Expressed Its Support Behind Recent Decision Environment And Natural Resources Denr To Lift Ban On Open Pit Mining As It Voiced Full Confidence In Government 39s Capability Strictly Regulate Operations Address Minimize Impact Posed By These Extractive Activities BackingInance Secretary Carlos Dominguez Iii Said Republic Act Ra No 7942 Or The Philippine Mining Of 1995 Does Not Prohibit Open Pit As There Are EconomicNd Environmental Considerations For Employing This Method Quot As Co Chair Of The Mining Industry Coordinating Council Micc I Support Denr Secretary Roy Cimatu 39s Decision To Lift The Ban On Open Pit Mining Matter Was Extensively Discussed In Micc And With Advice Guidance From ExpertsHe Recommendation Was To Lift The BanUot He Said Dominguez Adequate Safeguards Can Be Implemented To Ensure The Safety Of This Mining Method Quot Strict Monitoring And Enforcement Compliance With Environmental Standards Shall Undertaken Prevent Any Abuse In Implementation Type ActivityUot He Said Quoti Am Confident That The Denr Is Fully Capable Of Regulating Mining Operations In Country So Activities Are Conducted Safely With Due Regard To Protection Environment Quot As Official Representative President Climate Change Commission Ccc Ominguez Said He Is Mindful Of The Impact Mining Activities On Environment And Country 39s Goal To Significantly Reduce Its Carbon Footprint Quot Protection Non Negotiable We Have Strikea Careful Balance Between Preserving Protecting Pursuing Our Economic Development ObjectivesUot He Said With The Lifting Of BanOminguez Said The Mining Industry Can Becomea Key Contributor To Nation 39s Economic Recovery As Denr Has Projected That Open Pit Will Lead Immediate Development Of 11 Pending Projects Are Expected Generate About Php11 Billion Combined In Yearly Government RevenueNcrease Annual Exports By Php36 BillionNd Provide Employment To 22880 People Living In Remote Municipalities Quot ClearlyT Will Revive An Industry That Create Jobs And Spur Economic Growth In The CountrysideUot He Said Quot More Importantly