THE PHILIPPINE MINERALS INDUSTRY AT A GLANCE
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MGB News
Metallic production value down by 18% in 2012
Mines and Geosciences Bureau,
May 20, 2013
|  Total metallic production value went down by 18.04% from PhP122.98 billion to PhP100.80 billion in 2012 year-on-year, a shortfall of PhP22.19 billion. The disappointing performance of the metals during the period was brought about by a string of factors. Foremost among these was the 93% plunge in the documented output of small-scale miners, as reflected in the purchases of the Bangko Sentral ng Pilipinas (BSP), which pulled down overall gold production value by 44%. It was reported previously that the Bureau of Internal Revenue (BIR) strictly imposed the collection of the 2% excise tax and 5% creditable withholding tax (CWT) from small-scale gold producers/traders pursuant to Revenue Regulations No. 6-2012 dated April 2, 2012.
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224 apply for exploration permit
Mines and Geosciences Bureau,
May 20, 2013
| The Mines and Geosciences Bureau has received a total of 224 applications for Exploration Permit since the lifting of the two-year moratorium on the acceptance of mining applications on March 8, 2013. Of this, 52 have complied with the mandatory acceptance requirements, their applied areas found to be free of mining conflict, and have paid the required filing and processing fees.
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MDT to evaluate effects of Philex tailings spill
Mines and Geosciences Bureau,
May 20, 2013
|  A Multi-Disciplinary Team (MDT) was created by the Mines and Geosciences Bureau (MGB) to assess the extent of damage caused by the spill in the Tailings Storage Facility No. 3 of Philex Mining Corporation in Padcal, Tuba, Benguet. The MDT was created by virtue of Department of Environment and Natural Resources Special Order No. 2013-216.
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News Articles
On garbage and Tampakan
Amado Macasaet,
May 21, 2013
| Here’s a follow-up on recent columns on garbage and Sagittarius Mines, also known as the Tampakan copper-gold project in South Cotabato.
Manuel C. Diaz, a geologist, writes:
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Draft Mining Bill Ready
Bettina Faye V. Roc,
May 14, 2013
| A DRAFT BILL detailing new fiscal regime for mining contracts has been finalized and will be one of the measures to be pushed as a priority in the 16th congress, cabinet officials said.
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