Wednesday 18 September
Dec 20, 2018 @ 18:16

Anti-mining group happy to hear gov’t ban for new permits stays


This group wants no new projects to gain ground without a complete mining regime.

The Alyansa Tigil Mina (ATM) hailed the decision of Cabinet officials to keep the moratorium on new mining permits, pending the completion of the second round of audit.

In a statement, ATM said the inter-agency Mining Industry Coordinating Council (MICC) should maintain the status quo until Congress is able to pass a new mining fiscal regime law.

“The new excise tax rates approved under the TRAIN law is not sufficient to address the demand of EO 79, which is that a new fiscal regime on mining must be passed,” the group said.

“For ATM, a new fiscal regime on mining includes new rules on royalties, a tax on super profit or windfall profits, increased social development funds and increased rehabilitation and decommissioning funds.”

Apart from this, the MICC should also identify the “no-go zones” for exploration to settle issues once and for all.

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