Professional Documents
Culture Documents
QUESTION NO. 2: What is the effect of foreign loans to the Philippine economy?
ANSWER: Generally, foreign aid (consist of foreign grants-not repaid and foreign
loans repaid) / ODA (Official Development Assistance) does not per se affect any
future improvement in the rate of economic growth of the country. However, if such
will be used appropriately, this will trigger the key to higher domestic resource
mobilization which, in turn, is the foundation for a self-sufficient economic growth.
Vice versa, the government's failure to put said funds in productive use on a timely
manner will have an effect of compromising whatever gains which may have been
realized and negatively affect the economy.
SMALL-SCALE MINING
QUESTION NO. 1: Is the Filipino-First Policy validly applicable in P.D. No. 1899, as
well as in R.A. No. 7076 or the "Peoples Small-Scale Mining Act of 1991"?
ANSWER: YES. Sec 2, Art XII of the 1987 Philippine Constitution states that: "The
Congress may, by law, allow small-scale utilization of natural resources by Filipino
citizens, X X X". Although there are differences in the qualifications of applicants as
provided in both laws, both are in consonance with the Filipino-First Policy giving
preference to Filipino citizens to utilize such resources.
NATURE
Exploration
Permit
Mineral
Agreement
Financial or
Technical
Assistance
Agreement
(FTAA)
Mineral
Processing
Permit
An Exploration
Permit (EP) is
A Mineral
Agreement is an
A Financial or
Technical
A Mineral
Processing
QUALIFIE
D
PERSON
TO APPLY
an initial mode
of entry in
mineral
exploration
allowing a
Qualified Person
to undertake
exploration
activities for
mineral
resources in
certain areas
open to mining
in the country.
agreement between
a Contractor and
the Government
wherein the
Government grants
to the Contractor
the exclusive right
to conduct mining
operations within,
but not title over,
the contract area.
Classification:
1) Mineral
Production
Sharing
Agreement
(MPSA)
2) CoProduction
Agreement
(CA)
3) Joint Venture
Agreement
(JVA)
Assistance
Agreement
may be
entered into
between a
Contractor
and the
Government
for the largescale
exploration,
development
and utilization
of gold,
copper, nickel,
chromite,
lead, zinc and
other minerals
except for
cement raw
materials,
marble,
granite, sand
and gravel
and
construction
aggregates.
a) any Filipino
citizen of legal
age and with
capacity to
contract; b) a
Filipino-owned
Corporation,
Partnership,
Association or
Cooperative, at
least sixty
percent (60%)
of the capital is
owned by
Individual - a
Filipino citizen of
legal age and with
capacity to
contract; or b)
Corporation,
Partnership,
Association or
Cooperative
organized or
authorized for the
purpose of
engaging in mining,
duly registered in
a) any Filipino
citizen of legal
age and with
capacity to
contract; b) a
Filipino-owned
Corporation,
Partnership,
Association or
Cooperative,
at least sixty
percent (60%)
of the capital
is owned by
Permit (MPP)
refers to the
permit granted
to a Qualified
Person for
mineral
processing.
Mineral
Processing
means the
milling,
beneficiation,
leaching,
smelting,
cyanidation,
calcination or
upgrading of
ores, minerals,
rocks, mill
tailings, mine
waste and/or
other
metallurgical
byproducts or
by similar
means to
convert the
same into
marketable
products.
a) Individual - a
Filipino citizen
of legal age
and with
capacity to
contract; or b)
Corporation,
Partnership,
Association or
Cooperative
organized or
authorized for
the purpose of
engaging in
TERM
Filipino citizens,
organized or
authorized for
the purpose of
engaging in
mining with
technical and
financial
capability to
undertake
mineral
resources
development
and duly
registered in
accordance
with the law; or
c) a foreignowned
Corporation,
Partnership,
Association or
Cooperative
duly registered
in accordance
with law and in
which less than
fifty percent
(50%) of the
capital is owned
by Filipino
citizens.
accordance with
law, at least sixty
percent (60%) of
the capital of which
is owned by Filipino
citizens.
Filipino
citizens,
organized or
authorized for
the purpose of
engaging in
mining with
technical and
financial
capability to
undertake
mineral
resources
development
and duly
registered in
accordance
with the law;
or c) a
Foreign-owned
Corporation,
Partnership,
Association or
Cooperative
duly
registered in
accordance
with law and
in which less
than fifty
percent (50%)
of the capital
is owned by
Filipino
citizens.
twenty-five
(25) years
from the date
of its
issuance, and
renewable for
another term
not exceeding
twenty-five
mining, duly
registered in
accordance
with law, either
Filipino or
foreign-owned.
mineral
exploration or
six (6) years for
metallic mineral
exploration.
terms and
conditions, without
prejudice to
changes mutually
agreed upon by the
Government and
the Contractor.
After the 50 year
term of the Mineral
Agreement, the
operation of the
mine may be
undertaken by the
Government or
through a
Contractor.
(25) years.
(25) years:
Provided, That
no renewal of
Permit shall be
allowed unless
the Permit
Holder has
complied with
all the terms
and conditions
of the Permit
and has not
been found
guilty of
violation of any
provision of the
Act and these
implementing
rules and
regulations.
Hazardous Waste