AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
No Result
View All Result
Home Business

DENR signs first mining permit since 2012

Semirara is first on the list.

Newsdesk by Newsdesk
March 21, 2022
in Business, News
26 2
0
DENR signs first mining permit since 2012
84
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

The government has issued its first mineral production sharing agreement (MPSA) since the lifting of the moratorium on new mineral deals.

The Department of Environment and Natural Resources-Mines and Geosciences Bureau said on Friday that it granted the MPSA to Consunji-led Semirara Mining and Power Corporation (SMPC) on March 10. SMPC, a listed firm, disclosed the granting to the Philippine Stock Exchange on Monday.

MPSA No. 352-2022-VI covers the Hamalian Limestone Project, a 3,807-hectare contract area in Semirara Island, Caluya, Antique. The permit allows SMPC the exclusive right to immediately undertake mining operations within the contract for a period of 25 years, and is renewable for another term.

Back in April 2021, Pres. Rodrigo Duterte lifted the nine-year moratorium on new MPSAs through Executive Order (EO) No. 130. This allowed again the government to enter into new agreements under Republic Act 7942 or the Philippine Mining Act of 1995.

However, the implementing rules and regulations were only issued in August by former Environment Sec. Roy Cimatu, who went on to lift the government’s open-pit mining ban before Christmas.

The moratorium on MPSAs was first implemented in 2012 through EO 79 of the late Pres. Benigno Aquino III.

Last year, the country produced Php160.9 billion worth of metallic minerals. A total of 12 new metallic mines are set to begin commercial operations this year.

 

Tags: denrdepartment of environment and natural resourcesHamalian Limestone ProjectMGBMineral Production-Sharing Agreementmines and geosciences bureauMPSAPhilippine Stock ExchangePSESemirara Mining and Power CorporationSMPC

Related Posts

DENR targets small-scale mining ratification
Business

DENR targets small-scale mining ratification

October 4, 2023
DMCI to decommission Berong mine
Business

DMCI surpassed mine rehabilitation targets

September 29, 2023
Foreign chambers OK with lifting of mining ban
News

Mining Fiscal Regime passes final House reading

September 27, 2023
DMCI set to open two new mining sites
Business

DMCI set to open two new mining sites

September 26, 2023
Philex 2021 core net income soars 118% to Php2.53B
Business

Philex eyes Padcal mine life extension

September 25, 2023
Philex 2021 core net income soars 118% to Php2.53B
Business

Philex seeks entry into nickel mining

September 21, 2023

FEATURED POST

DENR targets small-scale mining ratification

DENR targets small-scale mining ratification

October 4, 2023
DMCI to decommission Berong mine

DMCI surpassed mine rehabilitation targets

September 29, 2023
Foreign chambers OK with lifting of mining ban

Mining Fiscal Regime passes final House reading

September 27, 2023
DMCI set to open two new mining sites

DMCI set to open two new mining sites

September 26, 2023

EDITOR PICK'S

DENR targets small-scale mining ratification

October 4, 2023

DMCI surpassed mine rehabilitation targets

September 29, 2023

Mining Fiscal Regime passes final House reading

September 27, 2023

DMCI set to open two new mining sites

September 26, 2023

Philex eyes Padcal mine life extension

September 25, 2023

Philex seeks entry into nickel mining

September 21, 2023

DENR adopts digitalization initiatives to streamline mining applications

September 20, 2023

Recent News

DENR targets small-scale mining ratification

DENR targets small-scale mining ratification

October 4, 2023
DMCI to decommission Berong mine

DMCI surpassed mine rehabilitation targets

September 29, 2023

Category

  • Business
  • Features
  • News
  • Uncategorized

Follow us

  • Setup menu at Appearance » Menus and assign menu to Footer Navigation

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In