Alternative Minerals Management Policy - February 2011

Alternative Minerals Management Policy Legal Rights and Natural Resources Center-Kasama sa Kalikasan (LRC-KsK/Friends of the Earth-Philippines) February 2011

Community Resources ,[object Object],[object Object],[object Object]

The Law and Natural Resources ,[object Object],[object Object]

Philippine Minerals Policy ,[object Object],[object Object],[object Object],[object Object]

Council on Foreign Relations, September 23, 2010, New York

P’NOY says . . . ,[object Object],[object Object],[object Object]

Overly generous fiscal and non-fiscal incentive regime . ,[object Object],[object Object],[object Object],Projected excise tax – $70.6 M; Projected income tax –$461.88M Figures are misleading because of numerous incentives given out by Mining Act and Omnibus Investments Act. Export Development Act and Special economic Zone Act of 1995 also provide other incentives. Omnibus Investments Act Mining Act Income tax holidays Incentives for pollution control devices Tax exemptions on imported spare parts, wharfage dues, export tax, duty and impost fees Income tax carry forward losses; income tax accelerated depreciation on fixed assets Tax credit on raw materials and supplies Tax holidays for national taxes Deductions from taxable income for labor expense and necessary and major infrastructure works

Absence of forward and backward linkages Mining has almost non-existent forward linkages with the Philippine economy Most mining operations involve extraction and immediate exportation of minerals for processing abroad. In fact, 85% to 90% of mining gross production value is export value of minerals. There is only 1 smelter and refinery in the country i.e. Philippine Associated Smelting and Refining Corporation. Its Leyte plant smelts raw copper in copper cathodes, which is again exported (to Japan) In 2000, for every peso of output from the mining sector (and this includes quarrying), only 36 centavos of input is sourced locally.

Conflicting / competing Laws ,[object Object],[object Object],[object Object]

RA 7942 ,[object Object],[object Object],[object Object]

RA 7942 ,[object Object],[object Object]

DAPITAN INITIATIVE 2002 ,[object Object],[object Object]

Alternative Minerals Management Principles ,[object Object],[object Object],[object Object],[object Object],[object Object]

Alternative Minerals Management Principles ,[object Object],[object Object],[object Object],[object Object]

Steps taken ,[object Object],[object Object]

HB 3763 in a Nutshell ,[object Object],[object Object],[object Object]

HB 3763 in a Nutshell ,[object Object],[object Object]

HB3763 in a Nutshell ,[object Object]

HB3763 in a Nutshell ,[object Object],[object Object],[object Object]

HB3763 in a Nutshell ,[object Object],[object Object],[object Object],[object Object]

HB3763 in a Nutshell ,[object Object],[object Object]

Where are we at now? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Support needed ,[object Object],[object Object],[object Object],[object Object],[object Object]

Alternative Minerals Management Policy - February 2011

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