MANILA, Philippines
A government panel which made the month to draw up new mining policy is expected to submit a proposal on November 15 for approval by the President of Benigno Aquino III before the year ends, mines and Geosciences Bureau (MGB) Director Leo Jasareno said.
The Government of the southern province of Zamboanga del Norte, and South Cotabato, has banned open-pit mining, affect existing projects and planned and worried investors.
TVI resource development (Phils.) Inc., the local unit of Canada TVI Pacific Inc., has sought a court order to stop the ban in Zamboanga del Norte, which went into effect this week and will force companies to shut down mines that polymetallic in one year.