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Apr 4, 2016 @ 7:01

Mining companies urging next President to prioritize revenue-sharing bill, reforms

 

MINING COMPANIES are urging the next President to make it a priority to reform existing mining policies, after the Aquino administration failed to make progress on a new revenue-sharing scheme for the government and the mining industry.

“Few realize that mining activities act as a catalyst to the development of far-flung areas and are responsible in enhancing the economic base… We need investors who will put their capital in the business and therefore an environment conducive to business is needed,” Nelia C. Halcon, executive vice-president of the Chamber of Mines of the Philippines, said in a mobile text message.

Ms. Halcon reiterated the Chamber’s earlier call for the next president to lift the nationwide ban on the grant of mining permits, which has been in place since 2011 and extended indefinitely through Executive Order (EO) 79 signed on July 6, 2012.

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