As far as know the company can control the mine, dont need another partner?. a Philippine registered corporation is a Philippine entity same as a filipino.
CLA holds the licences in this way through Makilala Mining a Philippine registered corporation.
Here is the setup of a large mining operation in the Philippines by a foreign company.Xxxx Gold holds its interest in the xxxxxxx Gold Project through indirectly owned subsidiaries. The Company has a 40% interest in xxxxx Corporation and a 100% interest in Philippine xxxx Corporation. The remaining 60% interest in xxxxx is held by a Philippines-registered company, xxx Holdings
The Philippines is proposing ( August 2022) a big tax increase on mining with the effective rate going up from 38% to 51% i see in the comments on that its in line with Australia? however i see Australia says they are at 42% effective tax on mining with a corporate tax rate of 30% plus royalties etc
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As far as know the company can control the mine, dont need...
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