ano ang philippine mining act
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RA7942 or the Philippine Mining Act of 1995 affirms that all mineral resources in public and private lands within the territory and exclusive economic zone of the Republic of the Philippines are owned by the State and it is the responsibility of the State to promote their rational exploration, development, utilization ...
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Former Philippine President Fidel Ramos signed “An Act Instituting a New System of Mineral Resources Exploration, Development, Utilization, and Conservation”—the Philippine Mining Act—into law in 1995. ... As a result, from 1994 to 1996, the country hosted a 400 percent increase of foreign mining companies.
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