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Chamber of Mines applauds Aquino policy: Signal to all investors

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The Philippines’ mining industry remains in limbo as businessmen and potential investors await the new mining law to be passed by Congress, the Chamber of Mines of the Philippines says. AFP FILE PHOTO

The issuance of the long-awaited Executive Order No. 79 on mining reforms drew generally positive reactions from the mining industry.

Posted: July 10th, 2012 in Latest Business Stories | Read More »

Lawmaker seeks probe of small-scale mining firms

Rep. Winston Castelo (congress.gov.ph photo)

A big number of small-scale mining businesses being operated by unscrupulous persons, including some rich Chinese businessmen, are depriving the government of billions of pesos in revenues, according to a Quezon City congressman.

Posted: June 28th, 2012 in Latest Business Stories | Read More »

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