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Mining the miners

Monday, July 9, 2012

Mining the miners


The still unseen Palace executive order (EO) on the mining industry is several things to different interests.

To mining companies, the EO is long-delayed that resulted in the stunting of growth in an industry that has the potential of earning for the country hundreds of billions of dollars.

To those opposed to harsh effects of big-scale mining, the time it took for Noynoy to finally come up with the EO is testament that it will be greatly watered down when it is finally unveiled to the public.

The EO fleshes out the policy of the administration of Noynoy for an industry that has long been a paradox for many past administrations.

The influence of the Roman Catholic Church on the crafting of any policy on mining is a given and interest groups, legitimate or otherwise, run to the prelates to have their voices heard by the government on issues related to mining operations.

Mining companies, which mostly have giant world prospectors as partners, believe that they are sitting on a literal trove of mineral riches that are unequaled in any part of the world..... MORE

SourceThe Daily Tribune

URL: http://www.tribune.net.ph/index.php/commentary/editorial/item/1291-mining-the-miners

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