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Aquino: Philippines to have clear mining policy

MANILA, Philippines—President Benigno Aquino III said the Philippine government will have a clear-cut mining policy by next month amid foreigners’ complaints that inconsistent rules have stymied investments.

The Philippines is the world’s fifth most mineralized country and its large reserves include gold and copper. But mining accounted for only about one percent of GDP last year, with total production at $1.5 billion.

Aquino said a report he commissioned on what mining policies were needed was due in mid-February. He spoke Thursday before foreign chambers of commerce.

Businessmen welcomed Aquino’s promise but said it remained to be seen how the rules will be implemented.

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Tags: Benigno Aquino , mining , Philippines , policy

  • Anonymous

    Typhoon sendong striken northern mindanao that kills thousands of people. In Cagayan de Oro and Iligan there was no operation of mining… Malacañang is saying that flooding of the cities was the results of illegal logging activities in the upstream… If illegal cutting of trees leaves some trees uphill still resulted to flush floods and tragic death of the people how much more for Mining.

    Why the Pnoy  administration push for mining industry…. less than 1% of the GDP has mining industry contributed…… how about the damaged it had brought to lives of the people… to the environment…..

    Better concentrate in improving the agriculture sector……. Our forefathers are hunters, fishers and farmers yet they survive….. They sent their children to school who became great schoolars and professionals…..

    Now with mining… people and environment are dying….. STOP mining in the Philippines…. Dont wait for another tragedy……

  • Anonymous

    Mining destroys the environment. Responsible mining still destroys the environment. Future generations will suffer from the effects of mining. locals have retarded growth and get sick easily. The constant noise of the machines makes them sleepless, the mine pollution kills them.

  • Anonymous

    anong mining policies yan mr. president? total log ban sa mga water protected areas pero exempted ang mga largescale mining compnaies sa total log ban kahit na doon sila mag mina sa mga watershed protected areas? ang gulo mo Pnoy! punta ka sa surigao area para makita mo ang mga kinakalbong kagubatan oon..kagaya ng panot mong ulo

    • Anonymous

      i share the same observation with u ………….. for short mining is killing the environment… if environment is dead, consequently, people vanished.

  • http://twitter.com/xerjon Sir Jopz

    After 19 months, promise! promise! promise! pa rin

  • http://joboni96.myopenid.com/ joboni96

    i hope it’s



    leave the minerals on the ground
    until pilipinos are the ones
    mostly benefiting not suffering
    from mining

  • http://pulse.yahoo.com/_FVBPRR4NKZ2DFURBCD5I4Q5GN4 Leg

    hahahah…matagal na yata nagmimina ang mga Cojuanco sa Luzon, Palawan, at ngayon sa Mindanao! …..niloloko lang ang mga Pilipino…karamihan sa mga ores na ito ay sa Chinang mahal ni PNoy napunta! :p

  • Anonymous

    kapag ganyan ang balita ay dapat hindi na ito nilalabas.  sapagkat lumalabas lang itong kwentong barbero.

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