There was a further meeting of the Minerals Advisory Council...

There was a further meeting of the Minerals Advisory Council (MICC) this week

I am told, the Government will increase the excise tax from 2% to 4%, which should lead to the resolution of all the key issues in relation to mining

The fiscal settings have always been the issue and the reason why EO79 was issued in the first place

https://business.mb.com.ph/2017/12/18/govt-discusses-mining-issues-for-one-last-time-this-year/

"Members of the multi-sectoral Mining Industry Coordinating Council (MICC), which is comprised of various government agencies, gathered yesterday  and discussed issues in the highly scrutinized extractive sector for one last time this year as well as talk about the on-going review on all the mining firms."

"Finance Undersecretary Bayani Agabin confirmed yesterday that MICC, which is co-chaired by Finance Secretary Carlos Dominguez III and Environment Secretary Roy Cimatu, has convened Monday afternoon for its last meeting for the year."

HINT HINT

"Another issue that MICC is now tasked to discuss is the new fiscal regime on mining."

"The Senate recently approved to increase the excise taxes on metallic and non-metallic mining resources from 2 percent to 4 percent."


IMO the ban on open pit mining is going to be lifted. If/when this news come left of field, watch and see what happens to the SP

Mabilo is one of the most attractive DSO plays on the market