Tuesday, February 14, 2012

Govt mining rule change will hurt investor sentiment: groups

http://www.abs-cbnnews.com/business/02/14/12/govt-mining-rule-change-will-hurt-investor-sentiment-groups

"* Draft order seeks increase in royalties, review of contracts

"* Mining group says new rules may discourage investments

"* Further consultation sought

"The proposed changes come five months after [PH President] Aquino said he wanted an increase in royalties on mining as he ordered a review of mining policy to harmonise national and provincial rules."