Mining contractors must comply with PH-EITI disclosure requirements » Manila Bulletin Business

Manila Bulletin Philippines

Breaking News from the Nation's leading newspaper

Tempo

Online Newspaper

Showbiz and Celebrity News

Sports News

World News
News Asia

The Nation's Leading Newspaper

Thursday, August 17, 2017 35° Partly sunny

Mining contractors must comply with PH-EITI disclosure requirements

Published

By Madelaine B. Miraflor

 

All mining contractors are now mandated to comply with the disclosure requirements of the Philippine Extractive Industries Transparency Initiative (PH-EITI), a statement from Mines and Geosciences Bureau (MGB) said.

According to MGB, Environment Chief Gina Lopez signed the Administrative Order No. 2017-07 requiring all mining contractors to take part in PH-EITI in accordance with the requirements set by Philippines Multi-stakeholders Group.

According to the Order, if the mining contractor fails to comply with the disclosure requirements of the PH-EITI, their Environmental Compliance Certificate (ECC)s will be suspended and they will not be issued Ore Transport Permits and Mineral Export Permits.

“The certificates and permits will remain cancelled until the mining companies are able to comply with the PH-EITI requirements,” MGB noted.

The MGB and the Environmental Management Bureau are also directed to disclose all information requested by the PH-EITI in a timely manner.

Administrative Order 2017-07 was signed on March 10, 2017 and shall take effect immediately upon publication in a newspaper of general circulation.

According to the PH-EITI website, the EITI is an “international multi-stakeholder group that sets international standards for transparency in extractive industry payments and receipts, where companies are required to publish what they pay to governments and governments are required to publish what they receive from companies.”

The PH-EITI Multi-Stakeholder Group (PHEITI MSG) is a group that provides a platform for business and civil society stakeholders to engage government in the implementation of EITI in the Philippines.

On an unrelated development, MGB recently established an open data and web-based Legal Information System (LegIS), which will provide the public with an updated and accurate information on the status and rulings from both the quasi-judicial bodies in the DENR and MGB.

Aimed at making vital legal-related information available to ordinary people and employees, the system will soon be on-line this year.

The project development and the implementation of the system was approved under Tier 2 for in-house development under the three-year MGB Information Systems Strategic Plan (ISSP) covering the period January 2015 to December 2017.

Tags: , , , , , , , , ,

Related Posts

  • sikatuna

    Good job ms lopez