Impact of the Philippines’ elections on the mining sector

Australian Journal of Mining

Excerpt taken from article by Paula Wallace — created May 18, 2010 05:14 PM

http://www.theajmonline.com.au/mining_news/news/2010/may/may-20-10/other-top-stories/impact-of-the-philippines2019-elections-on-the-mining-sector-part-one

According to a Green Electoral Initiative (GEI) survey led by EcoWaste Coalition and Greenpeace in February 2010, Aquino was quoted as saying:
“We should review the Mining Act and its implementation, particularly the fiscal incentives, in order for us to maximise the economic benefits of the extractive industry.”
He also noted that mining can be sustainable and that the law should guarantee the exploration, development and utilisation of mineral resources primarily benefit the Filipino people. Mining, Aquino continued, should also provide viable and sustainable livelihood options for communities, ensure gains are maximised for the benefit of the nation without compromising the environment and that local communities are actively involved in decision-making regarding site development while being protected under human rights legislation.
Aquino’s stance on mining may also be evident in the support his campaign has received from the Makati Business Club - which includes major mining interests - on the basis of his supposedly pro-business economic platform

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