[In the news] DTI suspends investment promotions for mining in absence of clear government policy -InterAksyon.com

DTI suspends investment promotions for mining in absence of clear government policy by Darwin G. Amojelar, InterAksyon.com May 11, 2012 MANILA, Philippines – The Department of Trade and Industry (DTI) has stopped courting new investors in mining in the absence of a clear government policy. “We cannot aggressively promote it now because there is an…

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May 13, 2012

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DTI suspends investment promotions for mining in absence of clear government policy
by Darwin G. Amojelar, InterAksyon.com
May 11, 2012

MANILA, Philippines – The Department of Trade and Industry (DTI) has stopped courting new investors in mining in the absence of a clear government policy.

“We cannot aggressively promote it now because there is an absence of clear cut policies. We cannot invite new players, they will be disappointed if we invite to come here and wala naman tayong mabigay na permit,” Undersecretary Cristino Panlilio said.

He said the government has stopped issuing mining permits for new investors, allowing only existing players to ramp up their operations.

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