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DENR Expects To Gather P21-Billion From Mining Companies

DENR Expects Billions of Collection from New Deals w/ Mining Companies

DENR – The Department of Environment and Natural Resources (DENR) is expecting to gather P21 billion from new deals with mining companies.

Mining is undeniably one of the controversial activities in the Philippines. There are those who are against it while there are also those who see the need to do it and the gains in such activity.

However, truths be told that mining can really affect the environment that is why the advocates of nature are not in favor of it. Previously, a nine-year ban on new mining agreements was approved.

Recently, the said nine-year ban on new mining agreements was lifted upon the decision of President Rodrigo Roa Duterte. It was confirmed by DENR Undersecretary Jonas Leones.

DENR on Mining

According to the Environment Undersecretary, Pres. Rodrigo Roa Duterte signed the Executive Order 130 and cited that it could help ease the financial burden of the government amid the COVID-19 pandemic.

Undeniably, PH incurred bank debts amid the COVID-19 pandemic. It borrowed money from bank in addressing the pandemic which includes the purchase of vaccines. According to Pres. Duterte, the manufacturers of the vaccines will be the one to get the money from the bank once they have delivered the vaccines and PH gave its go signal.

The COVID-19 vaccination drive is currently ongoing. The healthcare workers are the top priority in the vaccination drive.

Following the lifting of the nine-year ban on new mining deals, DENR expects to gather P21 billion from new mining agreements. The said ban was issued by former President Benigno “Noynoy” Aquino III in 2012. It targeted the suspension of mining activities in the protected areas.

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