Revenues from the mining sector will help government

It was more than a year ago since the Duterte Administration pronounced for the first time that it wants to gain more out of the mining industry, something that was highly improbable then, until Executive Order (EO) 130 was issued six months ago.

It turns out that the government is serious – it really wants to gain something out of the mining industry, and as of now, it is already getting there.

After last week’s release of the country’s metals’ output from January to June, Mines and Geosciences Bureau (MGB) expressed high hopes about the mining sector, which now anticipates the entry of new players following the implementation of EO 130, which lifted the ban on new mining projects.

“More than the robust metal price, recent developments in the local minerals industry are anticipated to be game-changers in the overall performance of the industry in the coming years not only in terms of mine ore production but also in its economic contribution,” MGB said.

“By this we mean employment generation, increased revenue collection both at the local and national level, and improved quality of life of the host and neighboring communities,” it added.