{
  "id": 3061363,
  "title": "Miners back minerals framework",
  "url": "https://urgent.news/2026/08/24/miners-back-minerals-framework",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-24T16:00:00.000Z",
  "source": {
    "name": "Philippine Star Business",
    "slug": "philippine-star-business",
    "url": "https://www.philstar.com/business/2026/08/25/2551511/miners-back-minerals-framework"
  },
  "original_language": "en",
  "account": "Manila, Philippines — The Chamber of Mines of the Philippines (COMP) has expressed full support for the government's plan to establish a national critical minerals framework through Executive Order (EO) 122. This policy aims to bolster mining investments in the nation while simultaneously strengthening the Mining Industry Coordinating Council (MICC) and expediting mining permit approvals. COMP highlighted that critical minerals are vital to national industrialization, energy security, economic resilience, and the global green transition. The chamber emphasized the importance of policy stability, regulatory consistency, and transparency under EO 122, which is crucial for securing long-term capital for exploration, mine development, and mineral processing. President Marcos signed EO 122 on August 21, creating the Unified National Policy Framework for Developing the Critical Minerals Industry. This framework empowers the government to advance the use of critical minerals and support downstream processing, ensuring that local mineral resources contribute to both global energy transition and domestic industrial needs. The Mines and Geosciences Bureau has identified around nine million hectares of land potentially suitable for hosting critical mineral resources. COMP underlined that the industry's expansion must be balanced with sound stewardship and social responsibility, stressing that EO 122 prioritizes host communities' and Indigenous Peoples' rights, welfare, and cultural preservation. The chamber commended the order's focus on inter-agency coordination and digitalization, asserting that streamlining mining requirements will eliminate unnecessary delays while upholding vital safeguards. This approach positions the Philippines as a globally competitive investment hub without compromising environmental or social standards. COMP pledged its readiness to collaborate with all stakeholders to implement EO 122, aiming to build a competitive, responsible, and sustainable critical minerals sector that generates lasting value, protects local ecosystems, and drives inclusive national development.",
  "summary": "Local miners have voiced their support for the government’s plan to create a national critical minerals framework to boost mining investments in the country.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}