HOLDING We have 2 weeks from Aug 9th for the IRR to take effect.
Mining can be accomplished by other means as stated below.
Mines and Geosciences Bureau (MGB) Director Wilfredo Moncano said in a text message that AO 25 was published on August 9, 2021. This means that the IRR will take effect in two weeks.
In a statement, the Chamber of Mines of the Philippines (COMP) said the decision of the government to keep the ban on open-pit mine will “negate the spirit of EO 130 as most of the mining applications propose the use of the open pit method”.
“Thousands of mines worldwide have adopted this primary method, including Australia, Canada, and the USA. There are economic, safety, and environmental considerations for employing this method,” COMP, composed of some of the country’s largest mining companies, said.
“Where underground mining cannot be applied, the open pit method is primarily employed although there are other forms of surface mining. The shape nature and location of the ore body determine the mining method,” it added.