[ferro-alloys.com]According to the message from Philippines, Philippine Ministry of Finance suggested that the government should impose proprietary fee on mining contractor, regardless of the mines’scale.

According to the current system, only the reserved land of mining could be imposed proprietary fee. The current reserved lands include: Surigao Del Norte,Surigao Del Sur, Dinagat Island. The government charges 5% of total mining products’value, it doesn’t contain other tax items.

Now，the Duterte administrator plans to impose the tax in other mining areas. the annual ratio will be 3% in the first three years. In the fourth year, the ratio will be 4%. Since the fifth year, the ratio will be 5%.

• [Editor:王可]