The Philippine Chamber of Commerce and Industry raised concern over the degradation of natural resources brought about by unchecked and
PCCI president George Barcelon said small miners continuously practiced irresponsible mining to the detriment of the industry and other miners.
The mining industry, he said, is a heavily taxed industry. The bigger companies with bigger investments are paying the correct taxes, but the smaller miners were evading tax payments as they were unregulated. Barcelon said modern mining techniques would help miners comply with mining regulations, and with new technologies, the government could monitor mining activities 24/7.
He said the PCCI is supportive of the government’s efforts for deeper cooperation with trade partners on critical minerals processing.
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