Palace revises IRR of mining EO

Posted at Sep 25 2012 11:05 AM | Updated as of Sep 25 2012 07:05 PM

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Malacañang agreed to revise some of the implementing rules and regulations of mining Executive Order 79, following complaints from the Chamber of Mines.

Renewals for existing contracts will be subject to existing laws, rules and regulations at the time of renewal.

The original IRR said renewals would be subject to new terms and conditions. Chamber of Mines president Benjamin Philip Romualdez had said Section 9 was illegal because it meant that contracts up for renewal would be renegotiated.

The revisions will be submitted to President Aquino for approval. [email protected], September 25, 2012