The Daily Tribune
Gov’t to revive idle mining assets
The Department of Environment and Natural Resources (DENR) plans to revive idle mining assets through new regulations to boost the mining sector's economic contribution.
DENR Undersecretary Carlos Primo David stated the agency aims to increase mining's contribution to the GDP from 0.5% to 2%.
This initiative involves a policy package including a draft Executive Order on a critical minerals framework and an Administrative Order.
These regulations are intended to clarify and correct aspects of the 1995 Mining Act.
The Mines and Geosciences Bureau (MGB) will implement a "Use it or Lose It Policy for Mining Tenements" to penalize inactive operations and attract new investors to mineral-rich areas.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.