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Mining and Minerals

Gancayco Balasbas & Associates

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Blessed with rich mineral deposits such as gold, copper and nickel, the Philippines continues to lead the global minerals market as of 2010, with approximately US$1.87 Billion worth of minerals produced and exported. Because of the huge returns promised by such industry, investors—both local and foreign—flock to engage in mining operations.

It bears stressing that such dynamic enterprise is likewise imbued with public interest and thus heavily regulated by the government, mainly through legislation.

Under the Philippine Mining Act of 1995, minerals encompass all naturally occurring inorganic substance in solid, gas, liquid, or any intermediate state, excluding energy materials such as coal, petroleum, natural gas, radioactive materials and geothermal energy.

The law likewise characterizes mining operations as activities involving exploration, feasibility, development, utilization, and processing of mineral rich areas. In all such undertakings, GANCAYCO BALASBAS & ASSOCIATES readily assists clients in complying with stringent requirements under the law and related rules and regulations.

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