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PRESIDENTIAL DECREE NO. 958
PRESIDENTIAL DECREE NO. 958 - AN
ACT AUTHORIZING THE DEVELOPMENT, EXPLOITATION AND UTILIZATION OF
MINERAL DEPOSITS IN THE SURIGAO MINERAL RESERVATION BY PRIVATE PERSONS
AND FOR OTHER PURPOSES
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(REPEALED
BY PRESIDENTIAL DECREE NO. 1001)
WHEREAS, there is an urgent need to maximize the development and
utilization of mineral deposits in the Surigao Mineral Reservation in
order to take advantage of the increased world-wide demand for mineral
resources; chanroblesvirtualawlibrary
WHEREAS, the immediate development of the Surigao Mineral Reservation
will substantially help the Government in the generation of much needed
foreign exchange in the face of international economic recession
brought about by the energy crises;chanroblesvirtualawlibrary
WHEREAS, there is a need to modify and rationalize Government policy in
the development of the Surigao Mineral Reservation towards giving more
opportunity to private enterprises which are willing to take the risk
and can generate adequate technical and financial resources for mineral
development purposes.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the law, hereby decree as
follows:cralaw:red
Section 1. The provisions of Republic Act No. 1828
and any law to the contrary notwithstanding, the President of the
Philippines is hereby authorized to allow the development, exploitation
and utilization of the mineral deposits in the Surigao Mineral
Reservation and the processing and disposition of the mineral that may
be produced therefrom by any citizens, corporation or association
qualified under the Constitution, for a period of not more than
twenty-five (25) years, renewable for another twenty-five (25) years.
Section 2. The grant of authority to develop,
exploit and utilize mineral deposits in the Surigao Mineral Reservation
shall, for purposes of this Decree, be issued by the Secretary of
Natural Resources subject to the approval of the President of the
Philippines. The provisions of Commonwealth Act No. 137 as amended,
shall apply to the grantee only in so far as the fees and taxes due the
government are therein specified, the provisions of law to the contrary
notwithstanding.
Section 3. All laws, decrees, orders and
proclamations, rules and regulations inconsistent herewith are hereby
repealed or amended accordingly.
Section 4. This Decree shall take effect immediately.
Done in the City of Manila this
14th day of July, in the year of Our Lord nineteen hundred and
seventy-six.
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