Duterte lifts ban on new mining agreements

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Executive Order No. 130 overturns a portion of a Noynoy Aquino-era EO which banned new mineral agreements until a new law changing revenue sharing schemes takes effect.

President Rodrigo Duterte has lifted the moratorium on new mining agreements, a move intended to shore up the pandemic-hit economy.

"The DENR shall formulate the terms and conditions in the new mineral agreements that will maximize government revenues and share from production, including the possibility of declaring these areas as mineral reservations to obtain appropriate royalties, in accordance with existing laws, rules, and regulations," reads Section 1 of the new EO.

While the document does not spell out which acts are considered environmental violations, it specifically told the DENR to implement the measures recommended by the Mining Industry Coordinating Council, which includes mining groups and is co-chaired by the DOF and DENR.

 

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