RA 7942 Practice Test 1 Flashcards
What is the formal title of Republic Act No. 7942?
Philippine Mining Act of 1995
Who holds ownership over all mineral resources in public and private lands within the territory of the Philippines?
The State (Philippine Government)
This type of agreement involves both the government and a contractor forming a joint venture company where both parties have equity shares.
Joint Venture Agreement (JVA)
Name the document required to certify that a project under consideration will not bring about unacceptable environmental impact.
Environmental Compliance Certificate (ECC)
What is the name of the bureau that has direct charge of administering and disposing of mineral lands and resources in the Philippines?
Mines and Geosciences Bureau (MGB)
What term is used to refer to the semi-annual fee imposed on all operating mining companies for mine wastes and tailings?
Mine Wastes and Tailings Fee
What is the maximum term for a mineral production-sharing agreement, as stated in the Act?
25 years, renewable for another 25 years
What body is responsible for resolving disputes involving mining areas, permits, and other mineral-related agreements in the regions?
Panel of Arbitrators
In the context of the Act, what is the term used for a naturally occurring substance that can be mined and processed for profit?
Mineral
A mineral agreement may be transferred or assigned to a ________ person, subject to the approval of the Secretary.
Qualified
This is the document that a permit holder must obtain to transport non-processed mineral ores or minerals.
Ore Transport Permit
Mineral resources are owned by the ________, and exploration, development, and utilization shall be under its full control and supervision.
State
________ is the process of extracting, removing, and disposing of quarry resources found on or underneath the surface of private or public lands.
Quarrying
A contractor shall assist in the development of its mining community and the promotion of the general welfare of its inhabitants through ________ and ________.
Social development programs, infrastructure projects
According to the Act, any valid and existing mining lease contracts, permits, or licenses at the date of the effectivity of this Act shall remain ________.
Recognized