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

Speaker Arroyo pushes for total ban on open-pit mining

AngMinero News by AngMinero News
September 21, 2018
in News
28 0
0
Speaker Arroyo pushes for total ban on open-pit mining
84
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

House Speaker Gloria Macapagal Arroyo is pushing for a bill that would totally ban open-pit mining in the country, saying it’s in accordance with the stance of President Rodrigo Duterte.

Arroyo made the announcement during a Ways and Means Committee hearing on Thursday on the proposed imposition of higher taxes and royalties on the mining sector.

“We will have a bill expressly prohibiting open-pit mining. That is a priority of President Duterte,” said Arroyo.

During the hearing, she said former government executive and now Chamber of Mines board member Gloria Tan-Climaco told her the proposed mining law was not Finance Secretary Carlos Dominguez’s priority.

Arroyo explained the lower chamber will come up with a mining bill as it is the President’s “priority” although it is not “his (Dominguez’s) priority.”

ABS-CBN.com reported Arroyo also proposed imposing excise taxes on firms operating open pit mines until they stop using such a method “within the period prescribed by the DENR (Department of Environment and Natural Resources).”

In the consolidated bill the committee would draft, she said the lower house will define open-pit mining based on the Department Administrative Order (DAO) 2018-19 issued by Environment Secretary Roy Cimatu last month.

The former president told the finance secretary to submit his department’s proposal in three days, which she said will be included in the House’s version of the new mining bill.

Arroyo also noted the house version will also include a provision on the imposition of royalty fees on mining companies with operations outside mine reservations.

Mining Tax

Meanwhile, a mining industry executive said the Philippines might risk losing existing and potential investments in the mining sector if the government’s latest tax reform proposal pushes through.

Inquirer.net reported that according to Chamber of Mines of the Philippines (COMP) chair and Nickel Asia Corp. President and CEO Gerard H. Brimo, mining operations in the country would become costlier as firms might lose investments.

Under the government’s second tax reform package dubbed the TRABAHO bill, the government proposes to impose a 5 percent royalty on all mining operations.

“You cannot expect investors to come here under that tax structure … Everybody thinks we are making a lot of money but reality is, we are not. Some of us are losing money for the last two years,” Brimo was quoted as saying in the Inquirer report.

He also pointed out “big mines” could close down as a result of the new tax proposal.

 

Tags: ArroyoHouse billminingMining taxopen pit mining

Related Posts

DENR sets public scoping for proposed Mapawa Gold Project in Surigao del Norte
News

DENR sets public scoping for proposed Mapawa Gold Project in Surigao del Norte

October 28, 2025
De Lima urges House probe into alleged illegal mining in Nueva Vizcaya
News

De Lima urges House probe into alleged illegal mining in Nueva Vizcaya

October 28, 2025
Investors show interest in Philex’s Silangan mine ahead of 2026 launch
News

Investors show interest in Philex’s Silangan mine ahead of 2026 launch

October 27, 2025
President Marcos urges sustainable, law-abiding mining investments in PH
News

President Marcos urges sustainable, law-abiding mining investments in PH

October 27, 2025
Chamber of Mines says reforms can revive PH mining exports
News

Chamber of Mines says reforms can revive PH mining exports

October 27, 2025
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

FEATURED POST

DENR sets public scoping for proposed Mapawa Gold Project in Surigao del Norte

DENR sets public scoping for proposed Mapawa Gold Project in Surigao del Norte

October 28, 2025
De Lima urges House probe into alleged illegal mining in Nueva Vizcaya

De Lima urges House probe into alleged illegal mining in Nueva Vizcaya

October 28, 2025
Investors show interest in Philex’s Silangan mine ahead of 2026 launch

Investors show interest in Philex’s Silangan mine ahead of 2026 launch

October 27, 2025
President Marcos urges sustainable, law-abiding mining investments in PH

President Marcos urges sustainable, law-abiding mining investments in PH

October 27, 2025

EDITOR PICK'S

DENR sets public scoping for proposed Mapawa Gold Project in Surigao del Norte

October 28, 2025

De Lima urges House probe into alleged illegal mining in Nueva Vizcaya

October 28, 2025

Investors show interest in Philex’s Silangan mine ahead of 2026 launch

October 27, 2025

President Marcos urges sustainable, law-abiding mining investments in PH

October 27, 2025

Chamber of Mines says reforms can revive PH mining exports

October 27, 2025

SMPC declares PHP1.25 special cash dividend, total 2025 payout at PHP13.8B

October 20, 2025

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

October 16, 2025

Recent News

DENR sets public scoping for proposed Mapawa Gold Project in Surigao del Norte

DENR sets public scoping for proposed Mapawa Gold Project in Surigao del Norte

October 28, 2025
De Lima urges House probe into alleged illegal mining in Nueva Vizcaya

De Lima urges House probe into alleged illegal mining in Nueva Vizcaya

October 28, 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