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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.
The tedious process and fees discourage many small-scale miners from transacting with the Bangko Sentral ng Pilipinas
The DENR is planning to register small-scale miners and create an organization for them to formalize their operations.
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,
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