Philippine President Ends Nine-Year Pause on New Mining Projects

April 29, 2021 14:26:58

President R. Duterte of the Philippines recently lifted a ban on mineral agreements that had been enacted in 2012 by former President Benigno Aquino III. This move reopens a door to new mineral agreements and investments and will help increase revenues. It came after the resident signed Executive Order No.130, which revises section 4 of executive order No.79, which was  ratified in 2012.

The Philippines is a major extractor of gold and copper, in addition to being the largest exporter of unprocessed nickel to the People’s Republic of China. The Mines and Geosciences Bureau notes that over a third of the country’s total land area has high mineral potential, with under 5% of the country’s mineral…

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