Establishments, Other Laws, and Organizations Relevant to Mining

Question 1

At least ________ of the capital of a corporation must be owned by a PH citizen to qualify as PH Corporation or association

Answer 1

60%

Question 2

It is primarily tasked to conduct and carry on the business of exploring, developing, mining, smelting, and producing, transporting, storing, distributing, exchanging, selling, disposing, importing, exporting, trading and promotion of gold, silver, copper, iron, and all kinds of mineral deposits and substances.

Answer 2

Philippine Mining Development Corporation (formerly NRDC)

Question 3

PMDC was incorporated to SEC on

Answer 3

July 04, 2003 by MP-April 9, 2003

Question 4

PMDC capit5al structure is composed of:

Answer 4

44% PNOC
36% NDC
20% As a government corporation

Question 5

What law that attaches PMCD as an arm of the DENR

Answer 5

DAO 2000-38

Question 6

What law that transferred PMDC back to DENR from OP.

Answer 6

EO 689 on Dec 27, 2007

Question 7

Valid for 25 yrs and renewable for another 25 with govt entitled to share 4% excise tax

Answer 7

MPSA

Question 8

May enter 100% foreign-owned corporation for large-scale exploration with minimum investment of 50M USD

Answer 8

FTAA

Question 9

The milling, beneficiation or upgrading of ores or minerals or rocks by converting them into marketable products. Valid for 5 years and renewable up to 25 years. It can be 100% foreign-owned

Answer 9

Min Proc Permits