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Philippines MICC Gears up for Second Round of Mining Audit

Mining News - Published on Thu, 11 Jul 2019

Image Source: Invest Philippines
Business Mirror, citing the interagency Mining Industry Coordinating Council, reported that it will conduct the second round of mining audit from July to January next year as part of the continuing effort of the Duterte administration to promote responsible mining in the country. The audit, which the MICC promises to be “objective, science-based and fact-finding,” will cover 17 mining operations across the country. The same technical teams that conducted the first round of reviews last year covering a total of 26 mines will do the second mining audit.

Finance Undersecretary Bayani H Agabin, who chaired MICC meeting held recently at the Department of Finance main office in Manila, said in a news statement “The MICC will complete the review and management teams in the second and third week of July. We will tap around 15 experts from the same technical teams that did the first audit.” He said that the 15 experts will be grouped into three teams with five members for each panel and will employ senior and junior technical and research assistants to help them with the audit. The review will cover the environmental, economic, social, legal and technical aspects of the mining operations.

Earlier, the MICC deferred a recommendation on the lifting of the moratorium on the issuance of new mineral agreements. Executive Order 79 imposed a moratorium on new mineral agreements “until a legislation rationalizing existing revenue sharing schemes and mechanisms shall have taken effect.”

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Posted By : Sanju Moirangthem on Thu, 11 Jul 2019
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