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 News

PH rejoins EITI, mining stakeholders laud move

AngMinero News by AngMinero News
September 13, 2022
in News
26 2
0
Mining, fossil fuels banned from green financing schemes

Find a treasure. Gold bars in the earth. Wealth. Bowels of the earth, the concept of the gold mine. Cash resources and reserves.

84
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

As the Philippines rejoins the Extractive Industries Transparency Initiative (EITI), mining stakeholders have lauded the move as it will assure accountability as the Marcos Administration amplifies the mining sector.

In a report by the Philippine Star, Alyansa Tigil Mina (ATM) said that the Philippines rejoining EITI would allow the country to sustain the momentum in promoting transparency and accountability in the mining sector.

ATM national coordinator Jaybee Garganera said that rejoining EITI is in the best interest of the country as mining stakeholders are addressing issues on illegal and destructive mining. He added that the EITI can help assure that mining taxes and revenues are “truthfully paid to the government” and would benefit the communities and the country.

EITI is a global coalition of companies, civil society, and governments that prescribes a standard for transparency and accountability in the mining, oil, and gas industries. Members from the mining industry are required to publicly disclose their data on taxes, royalties, and other payments made to the government and their host communities.

ATM said that EITI’s procedures and mechanisms play a crucial role in assuring the compliance of mining companies with their contractual and financial obligations, as well as the government’s capacity to effectively monitor the industry.

ATM is expecting that the mining industry would intensify its efforts for more mining companies to become EITI compliant. Garganera added that they are expecting the Department of Finance (DOF) and the Department of Natural Resources (DENR) to have a more distinct role in making EITI a relevant and meaningful platform where “mining-affected communities and environmental organizations can feel safe to engage.”

The Philippines rejoined the EITI just two months after the Duterte Administration withdrew from the coalition.

Tags: Alyansa Tigil MinaATMeitiExtractive Industries Transparency Initiativemining

Related Posts

FNI legal team earns top honors at 2025 ALB Philippine Law Awards
News

FNI legal team earns top honors at 2025 ALB Philippine Law Awards

October 16, 2025
Apex Mining resumes full operations after Davao earthquake suspension
News

Apex Mining resumes full operations after Davao earthquake suspension

October 15, 2025
Davao de Oro halts all mining after 7.4 quake to ensure worker safety
News

Davao de Oro halts all mining after 7.4 quake to ensure worker safety

October 13, 2025
Mining sector pools PHP 3.5M in aid for Masbate after Typhoon Opong
News

Mining sector pools PHP 3.5M in aid for Masbate after Typhoon Opong

October 13, 2025
Apex Mining suspends Davao de Oro operations after 7.4 magnitude quake
News

Apex Mining suspends Davao de Oro operations after 7.4 magnitude quake

October 13, 2025
Hallmark Mining Corp. vows to protect Mt. Hamiguitan, jobs
News

Hallmark Mining Corp. vows to protect Mt. Hamiguitan, jobs

October 9, 2025

FEATURED POST

FNI legal team earns top honors at 2025 ALB Philippine Law Awards

FNI legal team earns top honors at 2025 ALB Philippine Law Awards

October 16, 2025
Apex Mining resumes full operations after Davao earthquake suspension

Apex Mining resumes full operations after Davao earthquake suspension

October 15, 2025
Davao de Oro halts all mining after 7.4 quake to ensure worker safety

Davao de Oro halts all mining after 7.4 quake to ensure worker safety

October 13, 2025
Mining sector pools PHP 3.5M in aid for Masbate after Typhoon Opong

Mining sector pools PHP 3.5M in aid for Masbate after Typhoon Opong

October 13, 2025

EDITOR PICK'S

FNI legal team earns top honors at 2025 ALB Philippine Law Awards

October 16, 2025

Apex Mining resumes full operations after Davao earthquake suspension

October 15, 2025

Davao de Oro halts all mining after 7.4 quake to ensure worker safety

October 13, 2025

Mining sector pools PHP 3.5M in aid for Masbate after Typhoon Opong

October 13, 2025

Apex Mining suspends Davao de Oro operations after 7.4 magnitude quake

October 13, 2025

Hallmark Mining Corp. vows to protect Mt. Hamiguitan, jobs

October 9, 2025

Pure Energy Group firms acquire 71.68% stake in Coal Asia for PHP220.9 million

October 7, 2025

Recent News

FNI legal team earns top honors at 2025 ALB Philippine Law Awards

FNI legal team earns top honors at 2025 ALB Philippine Law Awards

October 16, 2025
Apex Mining resumes full operations after Davao earthquake suspension

Apex Mining resumes full operations after Davao earthquake suspension

October 15, 2025

Category

  • Business
  • Features
  • News
  • Uncategorized

Follow us

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

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2025 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