DURIAN BEAT: DUTERTE AND KILLING THE MINING INDUSTRY

By Roger Balanza Never mind that the mining industry is raising the specter of lost investments and revenues and massive unemployment if the government continues to look at the sector as something that the country can do without. President Rodrigo … Continue reading DURIAN BEAT: DUTERTE AND KILLING THE MINING INDUSTRY

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VOLUME 3 NO. 114 JULY 9-15, 2012 – DUTERTE dumps Aquino’s EO

Rody dumps Aquino’s EO: No to mining in Davao City BY ROGERM. BALANZA Vice Mayor Rodrigo Duterte has closed all doors for mining ventures in Davao City and slammed an Executive Order on mining policy issued by President Benigno Aquino that could stop local government units from passing legislation banning mining. Duterte has publicly said that he is against mining in Davao City. We will never craft a law tailored to the wish of the national government, said Vice Mayor Duterte in the Ato ni Bay television program on Tuesday. Duterte was referring to a provision in Executive Order No. … Continue reading VOLUME 3 NO. 114 JULY 9-15, 2012 – DUTERTE dumps Aquino’s EO

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TANADA: New mining law addresses concerns of industry

House Deputy Speaker and Quezon Rep. Lorenzo “Erin” Tanada III said Executive Order No. 79 recently signed by President Benigno S. Aquino III, coupled with a new mining law, will address the concerns of the mining industry. Tanada, author of House Bill No. 206 or the “Alternative Minerals Management Bill,” said that EO 79 on mining has sparked renewed interest in the industry, and coupled with his proposed measure, “the concerns of the mining industry will be fully addressed.” “If we pair EO 79 with the House Bill 206, we have the mining industry striking it’s first gold,” he stressed. … Continue reading TANADA: New mining law addresses concerns of industry

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Bishops start drive vs President Aquino mining policy

Manila (Philippine Daily Inquirer/ANN) – Philippine President Benigno Aquino III is set to announce his administration¿s new mining policy today but the Catholic Bishops¿ Conference of the Philippines (CBCP) has already started a signature campaign calling for a moratorium on its implementation. The CBCP started gathering signatures from its members over the weekend to also push for the urgent passage of an alternative mining law even as the Philippine Palace appealed to all to ¿hold off any comment¿ until the new mining policy is released and digested. The Palace said President Benigno Aquino¿s newly signed executive order (EO) spelling out … Continue reading Bishops start drive vs President Aquino mining policy

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AQUINO SIGNS NEW MINING POLICY

But Palace to bare details of EO 79 until  Monday President  Benigno Aquino III has signed Executive Order No. 79 spelling out his administration’s policy on mining and will present it on Monday, a Palace source said Friday. Presidential Communications Secretary Ramon Carandang would not confirm the signing of the much-awaited policy, but he acknowledged that the final draft that was submitted to the President underscored the need to increase the royalties and the taxes levied on mining firms. Mr. Aquino earlier said that the taxes and royalties collected by the government from mining operations amounted to only 10 percent … Continue reading AQUINO SIGNS NEW MINING POLICY

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SOUTH COTABATO ENVIRONMENTAL CODE GETS PRESIDENTIAL THRASHING; President Aquino says “NATIONAL LAWS OVERRIDE ORDINANCES”

BY ROGER M. BALANZA The South Cotabato Provincial Government’s Environmental Code has found a nemesis in no less than President Benigno Aquino. The Environmental Code bans use of the open-pit method in mining in the province even as the method is allowed by the Philippine Mining Act of 1995. A major casualty of the Ennvironmental Code is the Sagittarius Mines Inc. (SMI) US$5.9 million Tampakan Gold-Copper Project in Tampakan, South Cotabato. The Tampakan project is set to start commercial operation in 2016. The biggest single direct investment in the Philipines today, SMI, backed by world copper producer Xstrata, has been … Continue reading SOUTH COTABATO ENVIRONMENTAL CODE GETS PRESIDENTIAL THRASHING; President Aquino says “NATIONAL LAWS OVERRIDE ORDINANCES”

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President Aquino still reviewing EO to amend Mining Act of 1995

DAVAO CITY, June 20 – President Benigno Simeon Aquino III said Wednesday he is still reviewing the executive order (EO) that might repeal the Philippine Mining Act of 1995 before signing it into law. The President was in the city as keynote speaker of the two-day ARMM Convention on Local Governance at the Waterfront Insular Hotel. He said a series of consultations had been conducted aimed at fine-tuning several provisions like not combining agriculture and mining ventures, sharing between government and mining firms, and basis for imposing higher fees. Aquino said by Friday, all questions that he posed regarding the … Continue reading President Aquino still reviewing EO to amend Mining Act of 1995

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South Cotabato mining company eagerly awaiting Aquino EO on mining

   Sagittarius Mines, Inc. (SMI) said it was eagerly awaiting issuance of an Executive Order on new mining policies by President Benigno Aquino as the giant mining company continues to prepare the groundwork for its planned commercial operation in 2016. We are still waiting for it, said Mark Williams, SMI general manager. Williams was in Davao City late last month for the launch of the 2011 Tampakan Copper-Gold Project Sustainability Report as part of the company’s commitment to open and transparent business reporting. President Aquino last year said the EO to be crafted by a Special Team led by the … Continue reading South Cotabato mining company eagerly awaiting Aquino EO on mining

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Aquino EO on mining coming out this month

    President Benigno Aquino III hinted that the much-awaited executive order on mining will be out in April following the submission of his Cabinet cluster on environment and economy of a draft policy statement for the sector. “I’m as excited as you are to see the finished draft,” Aquino said in an interview at the sidelines of the inauguration of the Philippine Expeditionary Force to Korea’s (PEFTOK) Korean War Memorial Hall at the Libingan ng mga Bayani in Taguig City. “It is still not a finished policy; it is still a work in progress. What they presented was a policy … Continue reading Aquino EO on mining coming out this month

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“Let’s not kill mining. Instead, we should rationalize it.”

BY JESUS DUREZA The mining industry today is at a crossroad. Both for small scale and large scale mining. Anytime this month, President Aquino will announce his administration’s “new” mining policies. My sources told me the office of Executive Secretary Jojo Ochoa will put on the presidential desk soon for the President’s signature the executive order. A task force commissioned to study mining has sent in its recommendations. There are “leaks” going the rounds of what those papers contain. Some are accurate, others are mere speculations. Some mining industry players fear that a radical shift in the government’s mining policy … Continue reading “Let’s not kill mining. Instead, we should rationalize it.”

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