Tuesday, 15 November 2011 11:42
HONOLULU, Hawaii - President Benigno S. Aquino III has emphasized the need for stricter rules for mining in the Philippines to protect the environment from potential damage as well as the safety of the people.
“We are in a period of tightening the rules,” President Aquino said during a panel discussion on commodity security for economic growth at the Asia Pacific Economic Cooperation (APEC) CEO Summit here.
The President cited the increased in fines for mining companies that have committed safety and environmental violations as among the measures that the Philippine government has adopted.
The President cited that the fines for mining safety violations is too small compared to the hundred of millions they earn.
“Versus the profit they make, the fine is such a pittance,” President Aquino said when asked by a moderator how the Aquino administration tightens the rules for mining operations in the Philippines.
The President is in Honolulu, Hawaii to attend the APEC Economic Leaders’ Meeting here from November 11 to 13 which is hosted by the United States.
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