Manage a more equitable utilization of mineral resources

a.  Review and harmonize mining policies and other related policies (e.g., IPRA, NIPAS, LGC, etc.);

b.  Ensure the mining industry's compliance with laws and policies on conservation, protection and rehabilitation:

•  Institute comprehensive resource valuation of mining operations (including environmental and social costs);

•  Safeguard the ecological and environmental integrity of areas affected by mining operations;

•  Strictly enforce compliance of mining companies within environmental and social development commitment;

•  Implement noncapital intensive and short-term remediation measures; and

•  Develop mine viability and environmental assessment guidelines for the remediation/ rehabilitation or redevelopment of viable projects.

c.  Rationalize the extraction and use of minerals for national development:

•  Determine the actual minerals and metal needs of the country that will contribute to the realization of industrialization;

•  Promote the development of downstream industries to maximize the benefits or value-added from mining;

•  Rationalize resource assessment for both metallic and mineral commodities; complete an accurate and realistic inventory of actual mineral reserves, indicating specific locations, types and values of the minerals to be potentially extracted;

•  Strictly implement the "use-it-or-lose-it" policy to cleanse inactive mining applications and nonperforming mining contracts;

•  Determine untapped offshore mineral resources by actively pursuing characterization and assessment surveys; and

•  Pursue new mining technology and research and development of mining techniques in mining planning, scheduling, and design to raise the level of mine productivity and make the local mining industry globally competitive. This should be supported by capability-building programs and the establishment of laboratory facilities with state-of-the art equipment.

d.  Guarantee the equitable distribution of benefits from minerals through good governance in the mining sector:

•  Protect public investments through government oversight over mining companies to ensure transparency and accountability, stimulating more investment as a result;

•  Review, monitor and evaluate existing large-scale mining contracts with respect to their compliance with existing rules and regulations;

•  Reaffirm ordinances and resolutions issued by LGUs to protect their environment to the extent these are consistent with national laws and policies;

•  Sign on to the Extractive Industry Transparency Initiative (EITI) in order to practice and implement transparency and accountability among mining companies operating in the country;

•  Ensure the timely and accurate release of the legitimate share of local governments in the extraction of national wealth;

•  Improve the government share in taxes; and

•  Rationalize the incentives granted by the government to mining companies.