Philippines Lifts Mining Moratorium

MANILA, PHILIPPINES--April 23, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--The Philippines has suspended its stringent mining regulations for tenements and mineral contracts as the government looks to the mining industry to support its economic recovery plans during the COVID-19 pandemic. The lifted regulation, Executive Order 79, lasted for nine years and has restricted foreign direct investment from coming into the country due to the moratorium on new exploration permits and tenement approval.