Royalty on mining operations outside reservations pushed

The Mines and Geosciences Bureau (MGB) said that mining operations outside mineral reservations must pay a royalty as part of the government's rationalization of the country's mining fiscal regime.

- JASPER EMMANUEL ARCALAS

MGB OIC-assistant director Marcial Mateo said metallic operations outside mineral reservations must pay three percent of the market value of their gross output as royalty to the government.

Furthermore, non-metallic operations outside mineral reservations should pay a percentage of their gross revenue as royalty to the government, Mateo added.

Mateo disclosed the position of the MGB regarding the rationalization of the country's mining fiscal regime during a recent hearing by the Senate committee on ways and means.