Thursday, November 17, 2011

Amendments to #Philippines #mining laws likely

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min2664 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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