Post by
WarrenGLD on Dec 24, 2020 2:21am
Philippine Mining needs Policy lift: BusinessMirror Dec 24
https://businessmirror.com.ph/2020/12/24/mining-needs-policy-lift-as-nickel-boom-seen-in-focus-on-re-e-vehicles/ By BusinessMirror December 24, 2020 ""First, Salceda said, Clarity in its mining policies will be of the utmost importance. THE Chairman of the House Committee on Ways and Means has called for clarity in the countrys mining policies and laws that encourage domestic value-added as nickel is poised to create 1.3 million jobsa key driver of economic recovery post-Covid pandemic. In a policy outline titled, The Future in Nickel, Albay Rep. Joey Sarte Salceda underscored the countrys prospects as a top base and source for renewable energy and electric vehicle manufacturing. According to Salceda, the Philippines could become a world power in renewable energy and electric cars. .. 5 requirements Salceda, meanwhile, listed five key policy requirements needed to induce a boom in the countrys nickel sector. First, Salceda said, Clarity in its mining policies will be of the utmost importance. He explained: By enacting a fiscal regime on mining, the country will be able to negotiate new, more responsible mining agreements that can keep its nickel supply sustainable. Passing HB 6135, or the Fiscal Regime for the Mining Industry, should be a national priority. Salceda added that the House is likely to pass its version of the fiscal regime on mining, which will then open the door to new mineral agreements, when session resumes early next year. Also, he said sustainable public finance policies should be in place with the setting up of the Mineral Resources Trust Fund in HB 6135.
Comment by
shawshank2 on Dec 24, 2020 7:39am
Huge news!!! Looks like fiscal mining regime is a go. 2021 will be huge year for sau