EIGHTEENTH CONGRESS OF THE REPUBLIC OF THE P H IL IP P IN E S ) ) F irst R egular Session ) SrrH'Mc ol tlic SENATE S. No •19 J U L ll t Ctni? P 1 :10 353 RECE'Vm ri' INTRODUCED BY SENATOR R ISA HONTIVEROS AN ACT TO REGULATE THE R ATIO NAL EXPLORATION, DEVELOPMENT AND U T IL IZ A T IO N OF M IN ER AL RESOURCES, AND TO ENSURE THE EQUITABLE SHARING OF BENEFITS FOR THE STATE, IN D IG E N O U S PEOPLES AND LOCAL C O M M U N ITIES, AND FOR OTHER PURPOSES EXPLANATORY NOTE The Philippines holds a large reserve of mineral resources and is considered as among the most mineralized countries in the world. It is 3rd richest in the world for gold per unit area, 4th richest in copper, 5th in nickel, and 6th for chromite. These mineral resources have been sought to contribute to national development, however in the past twenty years, the mining industry has not contributed significantly to the economy and even caused negative impacts to communities, including detrimental environmental destructions where the mines are located. The present mining law (Republic Act 7942) has clearly failed to regulate the development and exploitation of our mineral resources in a way where benefits are maximized by Filipino communities and by the State, with mitigated impacts to other environmental and natural resources, industries and the rights of Filipino communities. The present fiscal regime for mining does not allow us to maximize the benefits of our non-renewable resource. Mining as an economic activity is not only an issue of resource use but also concerns water and food security, environment, human rights and indigenous people's rights and a rights-based approach to sustainable development. In the past decade, the mining industry has only contributed an annual average of 0.7-1% to the Gross Domestic Product compared to other industries because the government receives only 2% excise tax share, and employs 200,000-250,000 or only

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