New Philippine mining policy causes uproar

Despite flurry of criticism, government insists economy should be top priority in time of crisis.

    Philippine President Benigno Aquino has announced a new mining policy, after imposing a moratorium on new mining contracts for the next five years

    While reviewing some 300 existing contracts, the government found that around 30 are actually operational.

    The president says he aims to copy the best mining practices in other countries, reform the industry and generate more revenues for state coffers.

    But it remains unclear how the government aims to share its tax revenues and royalties. Many are calling the move "plundering", saying it robs the country's national resources and violates workers' welfare.

    Al Jazeera's Jamela Alindogan gauges the reactions from Manila.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Survivor stories from Super Typhoon Haiyan

    Survivor stories from Super Typhoon Haiyan

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    We Are Still Here: A Story from Native Alaska

    We Are Still Here: A Story from Native Alaska

    From Qatar to Alaska, a personal journey exploring what it means to belong when your culture is endangered.