06-02-2017 06:07 via news.yahoo.com

Philippine mining industry says mine closures "illegal, unfair"

The Philippine mining minister's decision to close over half of the country's mines and suspend others is "illegal and unfair," and jeopardizes an industry that has paid a large amount in taxes and fees to the government, the country's mining industry body said on Monday. "She has created an unstable policy environment resulting in the stalling of economic growth momentum under the Duterte Administration," the chamber said, citing the industry's 62.5 billion pesos ($1.26 billion) worth of invest
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