RE:DENR Issues IRR of EO No. 130Two things I will say. 1. Section 8 of the IRR says MGB will conduct research and develop standards for SURFACE MINES (and open pit is a type of surface mine I understand).
2. Today, Medusa Mining dropped out of a PH mining project due to:
However, due to the ban on open-pit mining (DAO No. 2017-10: Banning the Open Pit Method of Mining for Copper, Gold, Silver and Complex Ores in the Philippines), delays with the approval of a mining permit, cost management and the relative position of the deposit in Medusa’s forward mine plans, the decision was made to withdraw from the project.
https://www.medusamining.com.au/wp-content/uploads/2021/08/210823_terminationofminingagreementatbananghilig.pdf
So the PH is running out of time if it intends to develop the mines. Tik tok folks, tik tok.
Robert