Philippine Mining

Act Of 1995
Reported by:

Jilyn Amoroso
III- H BSE Soc. Stud.
REPUBLIC ACT NO. 7942
-Is the governing law that regulates
mineral resources development in the
country.
-One of the primary objectives of this act
is to revitalize the ailing Philippine mining
industry by providing fiscal reforms and
incentives and maintaining the viable
inventory of minerals to sustain the industry.
THE ACT AND ITS RIRR TAKE INTO
CONSEDIRATION THE FOLLOWING:
- Local government empowerment
-Respect and concern for the
indigenous cultural communities.
-Equitable sharing of benefits and
natural wealth.
-Demands of present generation
while providing the foundation for
future generations worldwide trends
generation.
-Protection and wise management
of the environment.
Law contains social and Environmental
safety:
-Built-in protection for the
indigenous peoples.
-Competitive fiscal regime
-Equitable sharing of the benefits of
mining.
-Environmental and social
provisions.
 What is the status of
the Philippine when the
Mining Act enacted?
PHILIPPINE CASHING IN:
-Our country were open to foreign
investor, particularly large-scale
mining project under the Financial
or Technical Assistant Agreement (FTAA
which allows 100% foreign equity).
-Industry is cashing in on developments.
-The country is ranked in 3rd in gold,
4th in copper, 5th in nickel, 6th in
chromites.
COMPETITIVE EDGE:
-The Philippine strategic location along
the Pacific ring of fire endows the
country with abundant mineral
resources.
-In terms of mineral prospectively, the
country consistently ranked high,
despite more than a million hectares of
high potential mineral rich not explored
-Mineral resources abound in almost all
areas in country.
 WHAT ARE THE
CONSEQUENCES OF
MINING HERE IN THE
PHILIPPINES?
On the top of the natural wealth and
beauty of the Philippine is a great good
news, the bad news is, the massive
destruction of our environment is
happening because of greed for profits
by few.(Sr. Stella Matutina)
This law opened the floodgates to
widespread plunder of our natural
wealth, unprecented environmental
duration and worsening human rights
violations.(Renato Reyes Jr.)
 The cost of mining here in the Philippine the
environment damage such as pollution of the
waterways and poisoning of water resources,
the collapse of mountains are not clearly
reflected in the income accounts.
 The Philippine neither brought to economic
development nor alleviation from poverty .It
cause more hardship and environmental
catastrophe.
 Ironically we are so rich with mineral
resources, we remain heavily dependent on
imported metal manufactures.
TOTAL MINERAL EXPORTS
PROS in Philippine
Mining act:

-The group of mining

company.
-The government.
 CONS in Philippine
Mining Act:
-those people who are live in the place
where the mining against.
-replacing their home and harming
their resources.
 WHAT IS THE
ACTION OF THE
GOVERNMENT?
There is a need to avert
disasters by putting in
place a “farsighted
approach to economic
development.

The supreme court decision

to uphold the
constitutionality of R.A
7942 will not deter him
from pushing for passage
the bill.
Thank You ☻