THE PHILIPPINE MINERALS INDUSTRY AT A GLANCE
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MGB News
MINING FOREST PROGRAM REFORESTS 88% OF DISTURBED MINING AREAS
Mines and Geosciences Bureau,
February 07, 2012
| As of 2011, about 7,755 hectares of disturbed mining areas have been planted with 13.3 million assorted seedlings by 65 companies participating in the Mining Forest Program (MFP) of the Department of Environment and Natural Resources (DENR) – Mines and Geosciences Bureau. The planted area represents 88.7% of the 8,743 hectares total disturbed area.
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CONGRESS APPROVES 8.8% HIKE IN MGB BUDGET FOR FY 2012
Mines and Geosciences Bureau,
February 06, 2012
| A total of P742.494 million was approved for the MGB budget for this year, around 8.8% higher than the previous year’s allocation of P682.092 million. This is contained in the General Appropriations Act for FY 2012 that President Benigno S. Aquino III signed into law last December 15, 2011.
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News Articles
Investors jittery over mining EO
Riza T. Olchondra,
February 14, 2012
| MANILA, Philippines—The country risks missing out anew on the benefits of the multibillion-dollar mining industry if the government goes ahead and implements new policies seen to favor the antimining lobby, foreign business groups said.
The Joint Foreign Chambers (JFC), along with the Philippine Mining and Exploration Association Inc. (PMEA), has expressed “great” concern over the proposed mining reforms, appealing to the Aquino administration to consider industry inputs and to address the root causes of project delays, among other issues.
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Businessmen slam ‘anti-mining’ policies
MAX V. DE LEON,
February 07, 2012
| THE Mindanao Business Council (MBC) is protesting the rush of anti-mining decisions at the local and national government levels which, they say, could drive away vital investments and threaten the stability of the regional economy in Mindanao.
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