Regulation and Governance in the Philippines Mining Sector
Terry O'Callaghan
Asia Pacific Journal of Public Administration, 2009, vol. 31, issue 1, 91-114
Abstract:
The Philippines is one of the most mineralised countries in the world, but the mining sector has been under-performing for decades. In 1997, President Ramos sought to revitalise the sector with a new "investor friendly" Mining Act. However, as soon as the legislation was enacted, anti-mining lobby groups challenged its legitimacy in the Supreme Court. After a number of years delay, the Supreme Court finally ruled on the constitutionality of the new Act. As a consequence of this, and of other regulatory innovations, the government has heralded a new era for mining investment in the country. This article argues that it is premature to claim, as some industry insiders have, that the Philippines mining sector is "back in business". Signifcant regulatory and governance problems remain. These are likely to deter foreign investors for some time to come.
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:taf:rapaxx:v:31:y:2009:i:1:p:91-114
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DOI: 10.1080/23276665.2009.10779358
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