Subjecting mining operations to another audit and again suspending the acceptance of applications for new mines will dampen planned investments, according to the Chamber of Mines of the Philippines (COMP).
COMP executive vice president Nelia Halcon Tuesday said the Mines and Geosciences Bureau (MGB) under the Aquino administration had been undertaking an assessment of mining operations and a moratorium on new mines pursuant to Executive Order No. 79.
Read more: Mining firms balk at new review, moratorium