Thursday, November 17, 2011

Amendments to #Philippines #mining laws likely

President Aquino has recently hinted that amendments would be made to
Philippine mining laws in an attempt to ensure that local and foreign mining
companies avoid damage to the environment. The issue surfaced after Richard
Adkerson, President and CEO of #Freeport McMoRan Copper and Gold expressed
interest in mining in the Philippines but had some concerns over government
policy and security. Only time can tell how Aquino plans to tighten the rules on
mining companies. He continues to stress the importance of ensuring sustainable
development and security for the people of the Philippines and has now tasked
four cabinet members, including Environment Secretary Ramon Paje, to craft the
mining policy which would preserve the country's natural resources and make
use of their mineral wealth without sacrificing the environment. Secretary Paje
will be giving all important insights into the cabinet's work on the latest
mining policies at the Asia Mining Congress 2012. The Philippines remains an
important region of focus for the annual conference and one which continues to
attract vast interest from foreign investors. To meet Secretary Paje and other
important stakeholders in the Philippine mining sector, visit the Asia Mining
Congress website to download more information and register now
http://www.terrapinn.com/conference/asia-mining-congress/

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