Mineral Production Sharing Agreement Philippines

A share of 10% (10%) of all royalties and revenues to be derived by the Government from the development and exploitation of mineral resources in mineral reserves in accordance with this Act shall be allocated to the Mines and Geosciences Bureau for special projects and other administrative costs related to the exploration and exploitation of other mineral reserves referred to in Division 6. The recovery of the Government`s shares in the financial or technical assistance agreement will begin after the contractor of the financial or technical assistance agreement has fully recovered its pre-exploitation costs, exploration and exploitation expenses, including operating expenses. . . .

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