Brief Situationer of the Philippine Minerals Sector

Introduction

Minerals are inarguably the building blocks of human civilization and are essential elements of our natural support system. History has shown that the quality of life we desire is entwined with the increasing extraction and utilization of minerals. This is a truism that was given life by developed and industrialized nations.

Undeniably, a well-developed minerals industry is an option that can catalyze economic development and community empowerment. However, minerals are part of the national patrimony, hence there is responsibility to maximize the benefits that can be derived from the exploitation of these resources with due regard to the environment and without sacrificing the interests of communities.

The legal and administrative framework governing the minerals industry is Republic Act No. 7942 or the Philippine Mining Act of 1995 and DENR Administrative Order No. 96 – 40 which were enacted in 1995 and 1997, respectively. These policies advocate the sustainable development of mineral resources. Notwithstanding the strong environmental and social focus of these policies, some sectors of society are questioning how the extraction and utilization of minerals can be made compatible with sustainable development.

Compared to the previous policy regime on mining, greater responsibility is now expected from both the Government and the industry. Mining companies are expected to work with stakeholders to improve the quality of life within the communities where they operate. The Government, on the other hand, as the regulator, has the responsibility of establishing and maintaining the enabling environment for the sustainable development of the industry.