By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.
MANILA, Philippines — President Marcos has approved a framework for the creation of the country’s critical minerals industry, which could shake up the mining sector as it seeks the privatization of public critical mineral assets and the immediate revocation of dormant mining permits.
Under Executive Order No. 122, the President directed the government to pursue the exploration, development, processing and utilization of critical minerals, while encouraging investments in higher-value products used in advanced manufacturing, renewable energy, batteries and electronics.
With the EO, the Department of Environment and Natural Resources (DENR), through the Mines and Geosciences Bureau (MGB), will implement a “national exploration and mineral reservation program” to identify and evaluate “new critical mineral deposits.”
READ: Marcos on Pax Silica: PH minerals won’t be exploited by foreign investors
