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                    [ArticleID] => 236984
                    [Title] => Supreme Court voids provisions of mining law
                    [Summary] => The Supreme Court ruled as unconstitutional yesterday an agreement signed by the government allowing an Australian firm 100 percent ownership of a mining project and junked several provisions of the law liberalizing the mining industry.


Since 1997, the year the petition seeking to void Republic Act No. 7942, or the Philippine Mining Act (PMA), was filed before the high court, 100 applications for financial and technical assistance agreements have been pending before the government. These FTAAs cover 8.4 million hectares of land and 64 are from foreign firms.


                    [DatePublished] => 2004-01-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804901
                    [AuthorName] => Aurea Calica
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
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                (
                    [ArticleID] => 178588
                    [Title] => Australia’s Western Mining leaves RP
                    [Summary] => Western Mining Corp. Philippines (WMPC), an Australian mining company which had invested $39 million for exploration and support activities in Mindanao, has decided to pull out of the country.


In a letter to Environment and Natural Resources Secretary Heherson Alvarez, WMCP general manager for projects Ian Smith formally submitted WMCP’s withdrawal.


Following an evaluation of the mineral resources of its mining site in Tampakan, Mindanao, the company decided that "it would not be able to meet a rate of return on investment acceptable to WMC."


                    [DatePublished] => 2002-10-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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WMCP

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                    [ArticleID] => 236984
                    [Title] => Supreme Court voids provisions of mining law
                    [Summary] => The Supreme Court ruled as unconstitutional yesterday an agreement signed by the government allowing an Australian firm 100 percent ownership of a mining project and junked several provisions of the law liberalizing the mining industry.


Since 1997, the year the petition seeking to void Republic Act No. 7942, or the Philippine Mining Act (PMA), was filed before the high court, 100 applications for financial and technical assistance agreements have been pending before the government. These FTAAs cover 8.4 million hectares of land and 64 are from foreign firms.


                    [DatePublished] => 2004-01-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804901
                    [AuthorName] => Aurea Calica
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            [1] => Array
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                    [ArticleID] => 178588
                    [Title] => Australia’s Western Mining leaves RP
                    [Summary] => Western Mining Corp. Philippines (WMPC), an Australian mining company which had invested $39 million for exploration and support activities in Mindanao, has decided to pull out of the country.


In a letter to Environment and Natural Resources Secretary Heherson Alvarez, WMCP general manager for projects Ian Smith formally submitted WMCP’s withdrawal.


Following an evaluation of the mineral resources of its mining site in Tampakan, Mindanao, the company decided that "it would not be able to meet a rate of return on investment acceptable to WMC."


                    [DatePublished] => 2002-10-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

Supreme Court voids provisions of mining law

By Aurea Calica | January 30, 2004 - 12:00am

The Supreme Court ruled as unconstitutional yesterday an agreement signed by the government allowing an Australian firm 100 percent ownership of a mining project and junked several provisions of the law liberalizing...

Headlines

Australia’s Western Mining leaves RP

By Marianne V. Go | October 5, 2002 - 12:00am

Western Mining Corp. Philippines (WMPC), an Australian mining company which had invested $39 million for exploration and support activities in Mindanao, has decided to pull out of the country. In a letter to Environment...

Business