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1.1¢ celsius resources limited.

Ann: Celsius Resources MCB Project takes step closer to Operation, page-13

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mjp2

10,801 Posts.

248

07/10/22

20:41

Post #: 64092814
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Originally posted by Bob77: ↑

I am unaware of any recent amendments to the 1995 Mining Act? I am assuming that Celsius will apply for a MPSA which will require 60% local ownership. There is an excellent website explainiing the mining regulatory environment which is quite up to date.

https://iclg.com/practice-areas/mining-laws-and-regulations/philippines

Having the right Philippine partner can also significantly reduce the development risks and have greater national appeal to the government and general public and may actually make financing easier. I dont see it as being a negative.

Expand

https://www.mondaq.com/mining/1232226/new-fiscal-regime-for-the-mining-industry

Not yet in place, and not entirely crystal clear, but I think this eases things.

CLA Price at posting: 1.5¢ Sentiment: Hold Disclosure: Held
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