Mineral Agreements
a) Mineral Production Sharing Agreement (MPSA)
Exclusive right to conduct mining operations w/in a contract area
Limited to Filipinos or Filipino-owned corporations
(Foreign equity not to exceed 40%)
Minimum authorized capital of PhP 10 M and paid-up of PhP 2.5 M
Maximum area for juridical entity:
8,100 Has./Province; 16,200 Has. for the entire country
Contract period of 25 years; renewable for another 25 years;
Two (2) years Exploration Period; three (3) years Construction and Development Period; the rest for production
Can be assigned to any qualified individuals/corporations
Can be converted into an FTAA