Bohol board approves law on extraction tax for limestone mining
THE BOHOL Provincial Board on Friday unanimously approved on third and final reading an ordinance imposing extraction fee on large-scale mining of limestone in Garcia-Hernandez town. The move was seen as a challenge of the provincial government to eventually collect such fees that, for a long time, the mining company has been paying to the national government and not to the local government. There are two companies currently operating in limestone-rich Garcia-Hernandez: the Philippine Mining Service Corporation (PMSC) and the Bohol Limestone Corporation (BLC). Board Member Elpidio M. Jala, author of the ordinance amending the local law on sand and gravel extraction, said the imposition and collection of fees from limestone mining is in accordance with section 38 of the Local Government Code of 1991. Mr. Jala said PMSC BLC officials have been informed of the new rates. — The Freeman
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