Marty reportedly issued a memorandum in 2009, directing the municipal treasurer not to accept occupation fees from holders of mineral production-sharing agreement (MPSA
) without first securing a mayor's permit.
Of the 75 MPSAs
issued show cause orders, 27 are in Luzon, 11 in Visayas and 37 in Mindanao.
(39) The servicer of the loans, who collected and disbursed payments to the trust and investors, was typically delegated that responsibility in the Master Pooling and Servicing Agreement (MPSA
MICC defers recommendation on lifting MPSA
moratorium !-- -- Mary Grace Padin (The Philippine Star) - December 19, 2018 - 12:00am MANILA, Philippines The inter-agency Mining Industry Coordinating Council (MICC) has decided to defer its recommendation involving a moratorium imposed on new mineral agreements pending the passage of a bill which seeks to overhaul the mining industry's fiscal regime, according to the Department of Finance (DOF).
In spite of the ban on new mining projects, the areas covered by mining contracts, specifically mineral production sharing agreements (MPSAs
), have increased by at least 6 percent between 2015 and 2016.
MGB made a site visit in Cagayan on April 8 which resulted in the issuance of the mining companies' MPSAs
Teh said the agency has yet to formally start reviewing the appeals submitted by the various mining companies, whose MPSAs
for projects are situated within or near watersheds.
A total of five MPSAs
had been issued for offshore mining in the northern coast of Cagayan, covering a total of about 536 square kilometers-an area almost the same size as Metro Manila.
Westchinamin is not the only company that benefited from the scheme of amending the MPSAs
to expand its mining tenement under EO 79.
and Pyramid Hill Mining Industrial Corp., holders of mineral production sharing agreements (MPSAs
) covering about 10,384 hectares.
Environmental and anti-mining groups have challenged the DENR chief to issue clear-cut mining policies and to uphold Lopez's open-pit mining ban as well as the cancellation of MPSAs
On February 14, however, Lopez went on with her campaign against mining, this time, ordering the cancellation of 75 mineral production sharing agreements (MPSAs
) and one financial and/or technical assistance agreement (FTAA) for inactive mining projects within or near watersheds, a move hailed by environmental groups but again, criticized by mining proponents.