The Chamber of Mines of the Philippines agrees with President Rodrigo Duterte that responsible mining is vital to national development and the Duterte 10 Point Socio-economic agenda.
COMP members are ISO 14001 certified, a seal of excellence in environmental management, and upheld nationwide. We assure the President that COMP members in CARAGA and nationwide are committed to rehabilitate mined out areas to comply with existing mining laws.
“Areas being cited by Gina Lopez are active mining areas. These already have comprehensive mine rehabilitation programs, including mechanisms for funding. We assure that after utilizing the minerals, these areas will be converted into lands productive for the communities even long after the mines are gone,” said COMP chairman Art Disini.
Years before closure, mining companies set up a Final Mine Rehabilitation Decomissioning Fund deposited in government accredited banks to be utilized in the mine’s rehabilitation as determined by careful studies and approved by the DENR, local government units and the all the affected communities and stakeholders.
COMP also remains confident its member-companies will be given the opportunity to address their alleged violations raised during the audit review.
“The President and the Mining Industry Coordinating Council, co-chaired by Department of Finance Sec. Sonny Dominguez III, vowed to follow due process in the audit review,” Disini noted.
However, COMP still iterates its demand to see the full audit results.
In the Philippine Chamber of Commerce and Industry-COMP joint stakeholders forum last Friday, COMP president Philip Romualdez also expressed optimism for the minerals industry under the Duterte administration, citing the President’s adherence to the rule of law.
According to Disini, mining firms identified for closure or suspension have yet to receive their orders from the DENR.