Why Has the Philippine Government Lifted the Ban on Open-Pit Gold Mining?
Mr. Wilfredo Moncano, Director of the Bureau of Minerals and Geosciences of the Philippines, confirmed that Roy Cimatu, Minister of Environment and Natural Resources, has signed an executive order lifting the ban. Now, the doors are open for commencing open – pit gold mines, which is set to reshape the country’s mining landscape.
The Philippine government implemented the ban in 2017 when the agency responsible for overseeing the mining industry was led by an anti – mining advocate. This advocate accused the open – pit gold mining process of causing widespread environmental damage. The open – pit gold mining process, which involves the extraction of gold from the surface by removing overlying materials, was at the center of the controversy.
Government policies that were accused of stagnating the industry for years are now expected to attract new investments and spur economic growth through the revival of stagnant and new mining projects. In the context of open – pit gold mining, these new opportunities are significant.
In April, the President of the Philippines abolished the ban on the new minerals agreement implemented in 2012, allowing open – pit mining to boost national revenues and fund basic projects. Open – pit gold mining is seen as a potential major contributor to this revenue – generating goal.
According to Montecano, open – pit mining is still the most widely accepted method of mining minerals. When it comes to gold, the open – pit gold mining process has its own set of advantages and challenges. The Alyansa Tigil Mina (End Mining Alliance) group, however, expressed disappointment with the policy reversal, describing it as “the government’s short – sighted and wrong development focus.”
Reference Link: https://www.mining-technology.com/news/philippines-lifts-mining-ban/
New mining projects have increased the annual export revenue of the Philippine mining industry and may increase as much as US$2 billion in the next five to six years, the government says. With the resurgence of open – pit gold mining, it’s important to consider various aspects. What are the problems encountered in open – pit mining, and what is the open – pit gold mining process? The open – pit gold mining process typically includes steps such as prospecting, site preparation, excavation, ore extraction, and processing. What equipment is needed for open – pit gold mines? They are all topics that we need to discuss and pay attention to later! As the open – pit gold mining sector in the Philippines gears up for growth, a comprehensive understanding of these elements will be crucial for all stakeholders involved.
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