"The
Supreme Court has rendered a decision that firmly upholds the national
interest.
As the 5th mineralized country
in the world with a close proximity to the biggest market for minerals,
China - the Philippines is poised for a strong economic take off
based on a reinvigorated mining industry.
As mining investments pour in,
the rural areas will experience a significant boost in jobs and
productivity, plus a strong surge in infrastructure development.
We will make sure this comes
hand in hand with the full protection of the environment and a sturdy
umbrella of social and economic returns for host communities, especially
the indigenous peoples.
The High Court has spoken with
wisdom and joins the other great powers of Government to do what
is best for the nation and people at this time of challenge and
opportunity.
It signals the will and determination
of the Filipino to fight poverty and achieve lasting prosperity."
President
Gloria Macapagal-Arroyo |