Palace defers Mining EO

Malacañang has deferred the issuance of an executive order on new mining policies to provide more time for consultations. The leaked draft of the EO has created an uproar among mining players and investment advocates. Government officials gave assurances that they have fine-tuned the draft and is now with President Benigno Aquino. The Palace was supposed to release the final EO on Wednesday, February 29. “It’s something we know will affect investments in the mining industry,” said Presidential Spokesperson Edwin Lacierda. “So that really has to be carried out very, very carefully.”

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