In a statement signed by Atty. Michael Toledo, chairman, Chamber of Mines of the Philippines, the miners said that while a tax increase is inevitable, they believe this progressive and responsive approach allows the government to benefit more when global commodity prices rise, without placing undue burden on miners during market downturns.
In addition, they also welcome the reconciled version’s removal of the proposed raw ore export ban under Senate Bill 2826. Clearly, the mining companies said this is a strategic step toward revitalizing the Philippine mining industry. “It reflects a realistic understanding of the Philippine mining landscape — its policy context, infrastructure limitations, and the technical nuances of our ore compared to other mineral-rich jurisdictions,” it added.
The reconciled framework offers a win-win outcome as it ensures fairer and more sustainable government revenues, encourages both local and foreign investment, and strengthens the Philippines’ role in the global clean energy supply chain.
Just as important, the group cited the bill for promoting inclusive development. When properly regulated, increased mining will boost regional economies, provide funding for host communities, and support local governments.
“We look forward to President Ferdinand Marcos, Jr. signing this landmark legislation into law. Our members stand ready to contribute more meaningfully to national growth under a transparent, competitive, and forward-looking policy environment,” the statement concluded.
