1 and perpetually disqualified from holding 2 government, its divisions, subsidiaries and 3 corporations. any elective or appointive position in any government owned and controlled 4 Sec. 46. Poo! o f consultants. - There shall be a pool of independent consultants 5 that may assist the local government units, local communities or ICCs/IPs with regard 6 to the technical aspects of mining. 7 Sec. 47. Publication, posting and radio announcement requirements. The decision 8 of the Council shall be published by the Bureau in the local newspaper in the local 9 language, shall be announced on the local radio programs for not less than six (6) 10 weeks and notices shall be distributed widely in communities. The notice containing 11 relevant information shall likewise be posted in conspicuous places for the information 12 of the general public and shall be announced during the local market day. 13 14 15 16 17 18 CHAPTER V M IN ER AL AGREEMENTS Sec. 48. Modes o f mineral agreement - A mineral agreement may only take the following forms as herein defined; 19 a) Mineral production sharing agreement - is an agreement where the 20 Government grants to the contractor the exclusive right to conduct 21 mining operations within a contract area and shares in the gross output. 22 The contractor shall provide the financing, technology, management and 23 personnel necessary for the implementation of this agreement; 24 b) Co-production agreement - is an agreement between the Government 25 and the contractor wherein the Government shall provide inputs to the 26 mining operations other than the mineral resource; and 27 c) Joint venture agreement - is an agreement where a joint-venture 28 company is organized by the Government and the contractor with both 29 parties having equity shares. 30 shall be entitled to a share in the gross output. Aside from earnings in equity, the State 31 In no case shall Financial or Technical Assistance Agreements, or any other similar 32 agreements, contracts, and/or executive issuances granting license or permission to 33 explore, develop and/or utilize mineral resources be awarded to foreign entities or 34 persons. 35 Sec. 49. Eligibility. - Only Filipino citizens or corporation's sixty percent (60% ) of 36 whose equity is owned or controlled by such citizens shall be allowed to conduct 37 development, utilization and processing of mineral resources within the country. 23