Connect with us

Business and Economy

MICC eyes three-month review of PHL mining ops

Published

on

The multi-stakeholder team of the Mining Industry Coordinating Council (MICC) has proposed a three-month review of the operations of 23 mining firms ordered close by the Department of Environment and Natural Resources (DENR). . (Photo by P199 (Own work) [CC BY-SA 4.0 (http://creativecommons.org/licenses/by-sa/4.0) or GFDL (http://www.gnu.org/copyleft/fdl.html)])

The multi-stakeholder team of the Mining Industry Coordinating Council (MICC) has proposed a three-month review of the operations of 23 mining firms ordered close by the Department of Environment and Natural Resources (DENR).
. (Photo by P199 (Own work) [CC BY-SA 4.0 (http://creativecommons.org/licenses/by-sa/4.0) or GFDL (http://www.gnu.org/copyleft/fdl.html)])

MANILA—The multi-stakeholder team of the Mining Industry Coordinating Council (MICC) has proposed a three-month review of the operations of 23 mining firms ordered close by the Department of Environment and Natural Resources (DENR).

Finance Undersecretary Bayani Agabin said members of the team, which had their first meeting Monday, had agreed on the “composition, scope and process by which we will undertake the review.”

”No programs (yet but) essentially the matter by which we will undertake the review,” he told members of the media after the review team’s meeting that finished Monday night.

Agabin, the Department of Finance’s (DOF) Legal Affairs head and in charge of the Domestic Finance Group (DFG), said they planned to start the review by March but the team must first get the approval of the MICC on administrative issues as well as on the budget.

“We will certainly try to start as soon as we can,” he said.

Agabin said the team planned to get experts from the academe but decided to exclude those from mining companies as part of the review team. He, however, declined to give names as they have yet to talk to these people.

He said the study will be “done in a scientific manner” and will take into account the “technical, economic, and social aspects of the mining operations.”

He said any decision on mine site visits would depend on the review team.

Results of the fact-finding measure would be submitted to the MICC and recommendatory in line with Executive Order (EO) 79, which established the MICC, he said.

Agabin said MICC was mandated to conduct review of the country’s mining operations every two years, thus, the team and the MICC, as a whole, would respect the DENR orders.

Asked what the team’s decision would be if its audit had different results than that of the DENR, the DOF official said: “I do not know if there is a mismatch.”

“We’ll just have to see what the review team comes up,” he said.

The review would not include the cancellations of 75 mineral production sharing agreements (MPSA) of sites that were within watershed areas, he said.

Agabin added that they had not decided when the next meeting of the review team would be.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Headline2 weeks ago

Love in the Afternoon of Life

Love in later life—the 50s, 60s, 70s, and beyond—is a thriving, fulfilling reality. It offers companionship, improved well-being, and joy,...

Headline3 weeks ago

Your Most Important Relationship is With Yourself

Valentine’s Day shouldn’t be celebrated only for one day. Love should be celebrated everyday. Valentine’s Day, when expanded beyond romance,...

Headline1 month ago

The 2016 Trend Made Me Reflect On My Past & Present

Like many others, I couldn’t resist joining the 2016 throwback trend.  It was all over social media, with everyone sharing...

Headline2 months ago

How To Be Healthier Realistically

It’s a brand-new year and a brand new you! If you’re like me who had been indulging quite a bit...

Headline3 months ago

Celebrating The Spirit Of Christmas

For many people, Christmas is the loneliest time of the year — it could be due to the fact that...

Headline3 months ago

Fun Facts About Christmas

It’s definitely beginning to look and smell a lot like Christmas! The beautiful thing about Christmas is that it’s mandatory...

Lifestyle3 months ago

How To Keep The Music Playing

You and your partner or spouse have been in a long-term relationship. Somehow, over the years, the fizz has fizzled...

Headline3 months ago

Declutter Your Life

There will be days when we feel like too much is going on around us — too much unnecessary noise...

Health4 months ago

A Healthy Mind Matters

Like the rest of the world, I was deeply saddened and shocked when I read that TikTok influencer, Emman Atienza...

Columns5 months ago

We Are The Circle We Choose

There is a famous Japanese proverb that rings so true in our lives: “When the character of a man is...