Live Breaking News & Updates on Ccording To The Mgb Bureau Defines Mpsa Asa Mineral Agreement In Which Quot Government Shares Production Of Contractor

MANILA-The Department of Environment and Natural Resources - Mines and Geosciences Bureau (DENR-MGB) is proposing the implementation of a policy that allows only one operator per mining tenement in the country. Implementing such policy will help improve the execution of mining agreements and promote the holistic, harmonious, and systematic conduct of mining operations, MGB Mining Tenements Management Division chief Danilo Delena said Friday during Day 2 of a virtual mining stakeholders' forum. Delena said the MGB drafted the policy due to "persistent disputes and issues among contractors and multiple operators, which compromise the conduct of mining operations within mining tenements." "That's why there's (a) need to limit the operator under a mining tenement," he said. He said the MGB has proposed the policy to Environment Secretary Roy Cimatu for review and approval. If approved, the DENR would issue an administrative order institutionalizing the polic ....

Danilo Delena , Roy Cimatu , Geosciences Bureau , Department Of Environment , Mining Tenements Management Division , Natural Resources , Tenements Management Division , Environment Secretary Roy Cimatu , Manila The Department Of Environment And Natural Resources Mines Geosciences Bureau Denr Mgb Is Proposing Implementation Ofa Policy That Allows Only One Operator Per Mining Tenement In Country Implementing Such Will Help Improve Execution Agreements Promote Holistic , Nd Systematic Conduct Of Mining Operations , Gb Mining Tenements Management Division Chief Danilo Delena Said Friday During Day 2 Ofa Virtual Stakeholders 39 Forum The Mgb Drafted Policy Due To Quot Persistent Disputes And Issues Among Contractors Multiple Operators , Hich Compromise The Conduct Of Mining Operations Within Tenements Quot That 39s Why There 39 Sa Need To Limit Operator Undera Tenement , Uot He Said The Mgb Has Proposed Policy To Environment Secretary Roy Cimatu For Review And Approval If Approved , He Denr Would Issue An Administrative Order Institutionalizing The Policy , Selena Said , Dding That The Mgb Is Hoping Department Would Issue Order Soon Proposed Policy Covers All Mineral Production Sharing Agreements Mpsas And Financial Or Technical Assistance Ftaas , Ccording To The Mgb Bureau Defines Mpsa Asa Mineral Agreement In Which Quot Government Shares Production Of Contractor , Hether In Kind Or Value , S Owner Of The Minerals , Uot While The Contractor Quot Shall Provide Necessary Financing , Nd Personnel For The Mining Project Quot On Other Hand , He Ftaa Is An Agreement That Quot May Be Entered Into Betweena Contractor And The Government For Large Scale Exploration , Nd Utilization Of Gold , Inc And Other Minerals Except For Cement Raw Materials , And Gravel Construction Aggregates Quot Delena Said The Proposed Policy Requires Mining Tenement Operators To Meet Certain Qualifications He Under Denr Memorandum Order 99 10 , N Operator Must Have Satisfactory Environmental Management And Community Relations In Previous Mineral Resource Use Ventures Possess Technical Competence Financial Capability To Conduct Mining Operation Within The Area Covered By Mpsa Or Ftaa Concerned Proposed Policy Likewise Identified Grounds For Either Suspending Operations Of Contractors Authorized Undertake These Canceling Mpsas Ftaas ,