DAVAO CITY — President Aquino said he is hoping to release the executive order detailing the government's mining policy before Friday.
He said that there are just some details that have to be fine-tuned, including laying out the basis to collect higher fees from mining companies.
“Do we need legislation to effect a better return for the state? Kasi presently it’s about two percent e—kung tama ang tanda ko. Tapos total—all taxes involved—will not even reach 10 percent of what… they’re making from the extraction of our resources. Hindi naman yata fair ‘yon. We get less than 10 percent but we get 100 percent in case there’s a problem. So ‘yung basis to impose higher fees or parang royalties, etcetera, is being also fleshed out better,” Aquino told reporters after attending the ARMM Convention on Local Governance.
He said there are around 78 places designated as eco-tourism areas where mining cannot take place.
Small-scale miners will also be subjected to more regulation under the administration’s mining policy. He said certain areas would be designated as “minahan ng bayan” where small-scale miners can undertake mining activities.
“Parang mas mare-regiment, ‘yung mas mare-regulate pati na ‘yung small scale kasi magde-declare ng mga minahan ng bayan, areas na doon lang pupwede for… gold, silver, and chromite ang naalala ko doon sa binasa ko kahapon,” he said.