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R.A. NO. 7942 – The Philippine Mining Act of 1995 Effectivity Date: March 3, 1995 The Philippine Mining Act of 1995 • The Philippine Mining Act of 1995 is the main policy/ legislation which governs all mining operations in the country and includes various measures to protect the environment and defines areas in which mining can be allowed. Persons Affected • Government • Corporations ...

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The current mining regulations in the Philippines are the 1995 Mining Act No. 7942 and its related enforcement rules. The mining law aims at the people and the environment, and mainly to promote the rational exploration, development, utilization, and protection of mining resources by the government and the private sector.

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Apr 20, 2021· In addition to real property taxes, the quarry industry in the province is a major local revenue source of local government units. Under the Provincial Quarry Ordinance, both the provincial and municipal governments have a share of 30 percent each from quarry fees and charges while the host barangay will get a 40 percent share.

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The principal laws that regulate the mining industry are Republic Act No. 7942, otherwise known as the Philippine Mining Act of 1995 (the Mining Act), and its implementing rules and regulations ...