The government wants to further increase its cut from the gross revenues of mining projects, the Department of Environment and Natural Resources (DENR) said on Friday.
Environment Secretary Ramon Paje told reporters that the economic committee of the interagency Mining Industry Coordinating Council (MICC) has agreed to further increase government’s share from mining companies to about 8 percent to 10 percent, from the previous 7 percent to 10 percent.
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