• 2 months ago
Mr. President on the Go | PBBM, pinarangalanan ang 13 kumpanya dahil sa husay at dedikasyon sa responsableng pagmimina

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Transcript
00:00And at this point, let's discuss the updates on the programs of the current administration here in Mr. President on the go.
00:22First of all, fellow countrymen, President Ferdinand R. Marcos, Jr.
00:26led the implementation of the 2023 Presidential Mineral Industry Environmental Award
00:32to the 13 companies that showed their determination and dedication in their responsible mining.
00:40From 35 companies, 13 mining and mineral processing companies were chosen as recipients of the Presidential Mineral Industry Environmental Award.
00:54This Presidential Mineral Industry Environmental Award was formed under Executive Order No. 399, Series of 1997.
01:03It recognizes the outstanding performance and dedication of mining and mineral processing companies,
01:11particularly their efforts to promote the safety, health, safety, and well-being of the communities where their operations are carried out.
01:21According to our President, the awardees showed strong support for the vision of the government in the mining sector.
01:29They continue to invest in environmental technologies and do the best practices,
01:35including reforestation efforts to further utilize the sustainable extraction techniques.
01:42Congratulations to the awardees.
01:44Meanwhile, the President also urged his fellow countrymen to continue to contribute to the prosperity of the country
01:51as well as the protection of our environment.
01:54The President also wished for a simple and fair mining system.
02:00To achieve this, the President called on lawmakers to support the Rationalization of the Mining Fiscal Regime.
02:08The Rationalization of the Mining Fiscal Regime was also mentioned by President Marcos, Jr. in his speech.
02:14The Rationalization of the Mining Fiscal Regime is important for a fair mining environment for all involved.
02:21The Rationalization of the Mining Fiscal Regime establishes a 40-year margin-based royalty
02:28from 1.5% to 5% of the income from mining operations outside the mineral reservations.
02:35The President also urged the DNR to strengthen its regulatory capabilities in the mining industry.
02:41This is to ensure compliance with safety and environmental standards.
02:46And that is the update on the programs of the current Administration.
02:51Until next time, Mr. President, on the go.

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