The bureau said this is allowed under Philippine law, the 1995 Mining Act.
“It’s very clear in the previous executive order of former President Aquino the consistency of local laws with national laws.
Duterte handed down Executive Order 130, or the presidential directive that lifted the moratorium, on his penultimate year as the highest leader of the land.
, which holds the concession to the $5.9-billion copper-gold Tampakan project, until he resigned in 2007.
Alsons controls Sagittarius Mines through subsidiary Indophil Resources Philippines, Inc., which owns 100% of the common shares of SMI.
Dominguez was a director of Alsons until the listed holding company, through a disclosure to the Philippine Stock Exchange on June 20, 2016, announced his resignation from the board.
But before Dominguez left Alsons, on June 8, 2016, subsidiary Sagittarius Mines had secured regulators’ approval to extend its financial and technical assistance agreement or FTAA for the Tampakan project by another 12 years until March 2032.
In the weeks that followed after the FTAA extension in June 2016, Alsons’ share price slowly had been climbing up from just P1.367 per share in April that year before it peaked at P2.065 each on June 21, 2016, a day after Dominguez’s resignation disclosure was made, according to historical data from the stock exchange.
“My plans after my term as Secretary of Finance consist solely of full retirement as befits a person of my age.
Tampakan’s environmental compliance certificate or ECC, one of the conditions for a mining project to proceed to commercial operations, was restored by the Office of the President on May 6, 2019, two years after then Environment Secretary Lopez canceled it.
Still, the Tampakan municipality left the door open for a renegotiation with Sagittarius Mines for a new deal.
Tribal leader Daguil Capion lost his wife and two children in October 2012 in a military operation meant to arrest him.
The wounds are still fresh for Capion and his tribesmen, said Philippine Misereor Partnership Inc.
Kasi nahahati sila… Sinisilaw sila na aayusin ang roads, paaralin ang anak nila, yung mga ganong offers kaya yung iba pumapayag… Pero may iba rin na firm and nagdedecide na ilalaban namin yan kahit anong mangyari.
The 65 others are in the final stages of exploration and feasibility studies or at best, already have mining agreements with the government.
“Lahat ng mga deliberations on feasibility studies, environmental protection enhancement program, final mine rehabilitation program, social development management program, lahat ng deliberation dyan nakafocus sa priority projects.
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