Browsing Day 'July 9th, 2012'

Aquino orders ban on new mining contracts

MANILA (Updated 3:13 p.m.) — Malacañang released Monday the much-anticipated Executive Order (EO) 79 that prohibits the Environment department from signing new mineral agreements until a new law on revenue sharing schemes and mechanisms is passed. Section 4 of the EO says: “No mineral agreements shall be entered into until a legislation rationalizing existing revenue [...]

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