1 Sec. 158. Abandonment. - Contractors and/or permittees who shall abandon 2 mines shall be perpetually banned or disqualified from conducting mining operations, 3 directly or indirectly. The ban and/or disqualification shall include the ofTicers and 4 directors of corporations that have abandoned mines. 5 Sec. 159. Confiscation o f equipment and property. - The equipment and property 6 of contractors and permit holders violating this Act shall be forfeited in favor of the 7 government. 8 Sec. 160. Non-appHcation o f the corporate veil. - Any person violating the 9 provisions of Commonwealth Act No. 108, or the Anti-Dummy Law of the Philippines as 10 amended, or is found to have used the corporate structure to defeat the provisions of 11 this Act shall suffer the penalty of five million pesos (PhP 5,000,000.00) and perpetual 12 ban in the mining industry. 13 Sec. 161. Reinstatement o f revoked permits. - After notice and hearing, revoked 14 permits that have undergone due process may be reinstated. Provided, That it may only 15 be reinstated once. 16 17 18 19 20 21 CHAPTER XV TRANSITORY PR O VISIO NS Sec. 162. - There shall be a moratorium on all mining activities until all the systems are in place for the proper implementation of the law. 22 Sec. 163. - All existing mining permits, licenses and agreements are hereby 23 deemed cancelled. Those mine workers and their families that may be displaced during 24 the transition period shall receive livelihood support and job placements to be facilitated 25 by the appropriate agencies of the State. 26 Sec. 164. - The classification of public lands as mineral reservations pursuant to 27 pre-existing laws shall hereby cease. 28 opened thereto in accordance with the provisions of this Act. The President's power to 29 declare mineral reservations shall henceforth cease to exist. 30 mineral land classification shall be conducted to determine the best livelihood and 31 economic option for the said area. All such lands shall be closed to mining unless A review of the current 32 Sec. 165. - The members of the panels of arbitrators and the provincial or city 33 mining regulatory boards established under Republic Act No. 7942 shall hold-over their 34 positions until replaced in accordance with provisions of this Act. 35 36 37 38 CHAPTER X V I FIN A L PR O VISIO NS 47