Marcos renews push for mining fiscal reform bill

RESPONSIBLE MINING. President Ferdinand R. Marcos Jr. honors 13 outstanding mining firms that prioritize ethical mining practices during the 2023 Presidential Mineral Industry Environmental Award (PMIEA) in Malacañang on Wednesday (Oct. 16, 2024). In his speech, Marcos urged mining companies to share their knowledge and best practices with the next generation of miners, engineers, and environmentalists to position the Philippines as a global leader in responsible mining. (Photo courtesy of PCO)

By Darryl John Esguerra | Philippine News Agency

President Ferdinand R. Marcos Jr. on Wednesday renewed his call for the passage of the proposed measure on the rationalization of the Philippine mining regime to ensure a sustainable and vibrant mining industry.

Speaking at the 2023 Philippine Mineral Industry Environmental Award (PMIEA) in Malacañan Palace, Marcos said the bill on the Rationalization of the Mining Fiscal Regime, one of his priority legislations, is ”fundamental to creating a fair and equitable mining environment for everyone involved.”

“It is equally vital for the DENR (Department of Environment and Natural Resources) to strengthen regulatory capabilities for all mining operations to ensure compliance with safety and environmental standards initiatives,” Marcos said.

The President said his administration aims to foster a deeper commitment to sustainability within industries, particularly in mining, boost local value addition through mineral processing, strengthen environmental safeguards and ensure that communities are genuine beneficiaries of the wealth generated from mining operations.

‘Outstanding mining companies’

In his message, Marcos congratulated the 13 mining company-awardees for setting the bar high in “embodying what it means to create value that extends beyond profit.”

“I encourage you to be ambassadors of responsible mining. Share your experiences and best practices, not only with your peers, but with the next generation of miners, engineers and environmentalists,” Marcos said.

“With a continued partnership amongst the government, industry, and local communities, there is no doubt that the Bagong Pilipinas will emerge as a global leader in responsible mining,” he added.

The award, established by Executive Order 399, recognizes companies for their exemplary performance in environmental protection, safety and health, and social development in the mining sector.

It is the highest environmental accolade for the mineral industry, reflecting the Philippines’ government’s commitment to upholding sustainable development principles.

The awardees for the Surface Mining Operations Category were:

-Cagdianao Mining Corporation
-CTP Construction and Mining Corporation
-Eramen Minerals, Inc.
-Hinatuan Mining Corporation – Tagana-an
-FCF Minerals Corporation
-Zambales Diversified Metals Corporation
-Taganito Mining Corporation
-Republic Cement & Building Materials, Inc. – Batangas

For the Quarry Operations Category, the PMIEA was awarded to:

-Eagle Cement Corporation
-Helix Resources and Development Corporation
-Republic Cement & Building Materials, Inc. – Teresa.

The Mineral Processing Category were awarded to the following:

-Coral Bay Nickel Corporation
-Philippine Mining Service Corporation – Alcoy Plant

Popular

Palace slams attempt against NegOr contractor, vows to dismantle espionage networks

By Dean Aubrey Caratiquet Amid consecutive developments arising from President Ferdinand R. Marcos Jr.’s revelation of ‘ghost’ and anomalous flood control projects in his 4th...

Student Beep card with 50% discount available starting Sept. 1 —DOTr

By Brian Campued The Department of Transportation (DOTr) is set to roll out white and personalized Beep cards to make commuting more convenient and more...

Palace: China cannot stop PH from asserting its territorial rights

By Brian Campued Malacañang on Friday reiterated that the Philippines will not be deterred in its efforts to defend its territorial and maritime interests in...

D.A. brings P20 rice to fisherfolk; affordable rice for jeepney, tricycle drivers soon

By Brian Campued As part of the continuous expansion of the “Benteng Bigas Meron (BBM) Na” Program of President Ferdinand R. Marcos Jr. to various...