Monday, March 27, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Agri & Mining

5 largest miners express interest in PH investments

Othel V. CamposbyOthel V. Campos
January 31, 2023, 8:25 pm
in Agri & Mining, Business
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

The Chamber of Mines of the Philippines said Tuesday the world’s five largest mining companies expressed keen interest to pursue mining projects in the country with the lifting of the ban on open pit projects.

“They have shown interest regardless of taxation and the issue of flip-flopping of policies. These are some of the issues being discussed between the Department of Finance and the mining industry,” CMP chairman Michael Toledo said at the sidelines of the US Philippines Society briefing at the Manila Peninsula Hotel in Makati City.

Toledo said the mining companies, while concerned over anti-mining sentiments, were looking at the Philippines as the fifth highly-mineralized country in the world. Opportunities for mining outweigh other adversities, he said.

He said this interest from global mining firms bodes well for the Philippines as the shift to renewable power sources like the green batteries gain ground.

Nearly 100 percent of the metals used for renewable power and green batteries come from mining, especially for electric vehicles, he said.

ADVERTISEMENT

“You can just imagine if we will be the supplier,” Toledo said.

Toledo said there are new developments in the mining industry, as the government reviews the existing revenue sharing scheme among the national government, the host communities and the mining companies.

The chamber said mining companies were asking the national government to take measures not to overtax the sector which is already heavily taxed.

“Excise tax on mining was increased to 4 percent on gross revenues. Add this to royalties, corporate and local taxes, we are already taxed out. That is why the sector calls on the government not to overtax mining firms,” Toledo said.

The Philippine is one of the most taxed mining jurisdictions compared to other mining countries, he said.

Tags: Chamber of Mines of the PhilippinesMining companiesmining projectsopen pit projects
ADVERTISEMENT
Othel V. Campos

Othel V. Campos

Related Posts

PLDT eyes investors in data center unit

byDarwin G. Amojelar
March 26, 2023, 6:45 pm
0
8
Luck of draw could send PH to Tokyo Olympics

PLDT Inc. said over the weekend it held exploratory talks with financial advisers to bring in potential investors in its...

Read more

Ayala Land plans to sell P22b worth of fixed-rate bonds

byJenniffer B. Austria
March 26, 2023, 6:41 pm
0
8
Ayala Land’s profit rose 38% to P2.55b in the third quarter

Property developer Ayala Land Inc. plans to raise up to P22 billion from the issuance of fixed-rate bonds. ALI said...

Read more

Visa processing bottleneck restrains tourism growth

byOthel V. Campos
March 26, 2023, 6:35 pm
0
8
CONCEPCION INDUSTRIAL CORPORATION: Notice of the Annual Stockholders’ Meeting

The Department of Tourism warned over the weekend about losing P2.51 billion in industry revenues if the government fails to...

Read more

Holcim PH reported 63% drop in profit last year on weak demand, higher costs

byJenniffer B. Austria
March 26, 2023, 6:30 pm
0
8
Holcim investing P210m in factories

Cement manufacturer Holcim Philippines Inc. said over the weekend net income reached P942 million in 2022, down 63 percent from...

Read more

ERC asked to submit action plan to resolve more than 20 unapproved power supply deals

byAlena Mae S. Flores
March 26, 2023, 6:25 pm
0
8
Gatchalian eyes ‘tandem vote’ bill for President, VP

Senator Sherwin Gatchalian asked the Energy Regulatory Commission to submit an action plan to resolve the more than 20 cases...

Read more

Stocks face volatility amid dovish US Fed

byJenniffer B. Austria
March 26, 2023, 6:20 pm
0
8
Stock market surges; PLDT, Globe advance

Local stocks are expected to continue facing volatility amid the dovish US Federal Reserve’s stance and the uncertainty on the...

Read more

Print Edition

View More

Recent Posts

  • Explosives found at Teves mill
  • First Lady posts snap of Imelda to put rumors of demise to rest
  • Standard debuts ‘Environment & Sustainability’
  • San Miguel cop chief shot dead in robbery try
  • Oil spill compensation seen eclipsing P1.1-b 2006 record
  • Brace for water interruptions, El Niño—Maynilad
  • SC sides with LTO on card project
  • Gov’t letting US dictate terms of EDCA—group

Advertisement

Latest News

Brace for water interruptions, El Niño—Maynilad

byRio N. Araja
March 27, 2023, 1:45 am
0
8
Marinduque lauds desalination project, sees end to potable water supply woes

Water concessionaire Maynilad has advised the public to be ready for possible water interruptions in the coming dry season and...

Read more

SC sides with LTO on card project

byRey E. Requejo
March 27, 2023, 1:35 am
0
8
SC sides with LTO on card project

The Supreme Court has ruled that the Land Transportation Office (LTO)’s use of the P341.7 million left in its 2016...

Read more

Gov’t letting US dictate terms of EDCA—group

byManila Standard
March 27, 2023, 1:30 am
0
8
Southwoods nails Seniors’ Fil golf crown

The Marcos administration has been misleading Filipinos on the Enhanced Defense Cooperation Agreement (EDCA) by letting the United States dictate...

Read more

The capable Lady Legislators of Western and Central Visayas

byPatricia Bianca S. Taculao
March 27, 2023, 1:25 am
0
8
The capable Lady Legislators of Western and Central Visayas

Due to its booming economy, rich history and culture, and captivating landscapes, the island group of Visayas continuously impresses local...

Read more

San Miguel companies post key water savings milestone

byManila Standard
March 27, 2023, 1:20 am
0
8
MPIF Enlarges Blue Footprint for PH Biodiversity Protection & Conservation

San Miguel Corp. recorded a milestone on World Water Day (March 23, 2023) after its businesses collectively saved some 33,865,901,000...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App