21Jan 2019
5595
8May 2016
2358
Investments in international mineral and mining
Legal support and assistance in mineral and mining investments in the Philippines The Philippines holds the world’s second largest gold reserves and are rich also in copper, nickel, and chromite. Mining is one of the country’s boom sectors, and regulatory changes open this industry sector more and more for foreign investments. Although the Philippine Constitution declared that minerals as the natural resource are owned by the Philippine government and must not be alienated, the Philippine Mining Act of 1995 allows 100% ownership of the claimed mining land area and minerals by foreign mining corporations. However, the Mining Policy as of 2012 introduces restrictions on mineral production sharing agreements (MPSA), financial or technical […]
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