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

Senate Ratifies Fiscal Reform Bill for Large-Scale Metallic Mining

AngMinero News by AngMinero News
June 17, 2025
in News
28 0
0
Senate Ratifies Fiscal Reform Bill for Large-Scale Metallic Mining
84
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

The Senate has ratified the bicameral conference committee report on the proposed Enhanced Fiscal Regime for Large-Scale Metallic Mining Act. This is a measure expected to generate billions in additional government revenues through reforms in the mining tax structure.

In a speech delivered on June 11, 2025, Senator Joseph Victor “JV” Ejercito thanked his colleagues for supporting the ratification of the reconciled version of Senate Bill No. 2826 and House Bill No. 8937.

According to Ejercito, the new fiscal framework is expected to contribute an estimated PHP6 billion in additional revenue for the national government. The bill introduces significant changes to the taxation of large-scale metallic mining operations.

Under the reconciled version:

  • A 5% royalty based on gross output will apply to mining operations within mineral reservations.
  • For those outside mineral reservations, a five-tier royalty system will be implemented, with rates ranging from 1% to 5%, depending on the mining operation’s margin.

The measure also introduces provisions aimed at improving transparency and accountability within the extractive sector. Among these are mechanisms to ensure that local stakeholders and the public are better informed about financial flows and mining revenues.

Additionally, the bill mandates the immediate release of excise taxes, royalties, and other related fees to local government units (LGUs). This ensures that host communities receive their share of mining revenues without undue delays.

The ratification of the measure marks a significant milestone in the government’s efforts to modernize the country’s mining fiscal policies, promote equitable resource sharing, and strengthen governance in the sector.

Follow Ang Minero on Facebook and LinkedIn for more updates.

Tags: 5% mining royaltyEnhanced Fiscal Regime for Large-Scale Metallic MiningHouse Bill 8937 miningJV Ejercito mining billmining revenue sharing LGUmining royalties PhilippinesPhilippine mining tax reformSenate Bill 2826

Related Posts

MAP President Alfredo Panlilio Joins Marcventures Board as Independent Director
News

MAP President Alfredo Panlilio Joins Marcventures Board as Independent Director

July 30, 2025
DENR-12 Cracks Down on Illegal Gold Mines in Sultan Kudarat
News

DENR-12 Cracks Down on Illegal Gold Mines in Sultan Kudarat

July 30, 2025
PHP 67M Reforestation by 4 Mining Firms Transforms Cagayan Valley
News

PHP 67M Reforestation by 4 Mining Firms Transforms Cagayan Valley

July 24, 2025
Itogon Residents File Lawsuit to Stop Nickel Mining Project
News

Itogon Residents File Lawsuit to Stop Nickel Mining Project

July 24, 2025
PGMC Receives Top Honor at Water Summit for River Rehab Program
News

PGMC Receives Top Honor at Water Summit for River Rehab Program

July 24, 2025
DENR-MGB Issues Critical Warning on Landslide and Flood Risks Amid Heavy Rains
News

DENR-MGB Issues Critical Warning on Landslide and Flood Risks Amid Heavy Rains

July 24, 2025

FEATURED POST

MAP President Alfredo Panlilio Joins Marcventures Board as Independent Director

MAP President Alfredo Panlilio Joins Marcventures Board as Independent Director

July 30, 2025
DENR-12 Cracks Down on Illegal Gold Mines in Sultan Kudarat

DENR-12 Cracks Down on Illegal Gold Mines in Sultan Kudarat

July 30, 2025
PHP 67M Reforestation by 4 Mining Firms Transforms Cagayan Valley

PHP 67M Reforestation by 4 Mining Firms Transforms Cagayan Valley

July 24, 2025
Itogon Residents File Lawsuit to Stop Nickel Mining Project

Itogon Residents File Lawsuit to Stop Nickel Mining Project

July 24, 2025

EDITOR PICK'S

MAP President Alfredo Panlilio Joins Marcventures Board as Independent Director

July 30, 2025

DENR-12 Cracks Down on Illegal Gold Mines in Sultan Kudarat

July 30, 2025

PHP 67M Reforestation by 4 Mining Firms Transforms Cagayan Valley

July 24, 2025

Itogon Residents File Lawsuit to Stop Nickel Mining Project

July 24, 2025

PGMC Receives Top Honor at Water Summit for River Rehab Program

July 24, 2025

DENR-MGB Issues Critical Warning on Landslide and Flood Risks Amid Heavy Rains

July 24, 2025

SGS Urges Mining Firms to Start Carbon Accounting Under New DENR Rule

July 18, 2025

Recent News

MAP President Alfredo Panlilio Joins Marcventures Board as Independent Director

MAP President Alfredo Panlilio Joins Marcventures Board as Independent Director

July 30, 2025
DENR-12 Cracks Down on Illegal Gold Mines in Sultan Kudarat

DENR-12 Cracks Down on Illegal Gold Mines in Sultan Kudarat

July 30, 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