MGB XII Regional Director Felizardo A. Gacad,Jr. released the Sultan Gold and Mineral Resources Incorporated (SGMRI) issued Exploration Permit (EP) to Datu Jun K. Camsa, the president of the aforementioned company on February 17, 2021 at the Office of the MGB XII Regional Director, Koronadal City.
The Exploration Permit (EP) is an initial entry to undertake mineral exploration activities, research and studies for mineral resources in certain areas open to mining in Region XII.
The said EP of SGMRI is for the exploration of copper, gold, lead, zinc and silver deposits covering one thousand one hundred four and 22/100 (1,104 .22) hectares in Isulan and Bagumbayan, Province of Sultan Kudarat.
Upon the endorsement made by MGB XII to MGB Central Office, a final evaluation of the submitted requirements along with the Exploration Work Program and Environmental Work Program and clearance to grant a permit/contract to SGMRI was given. Along with the registration of the permit, occupation fees were paid by the permittee amounting to eighty-two thousand eight hundred seventy-five pesos (₱ 82,875).
Under Republic Act (RA) 7942 or the Philippine Mining Act of 1995 and its Implementing Rules and Regulations (IRR), occupation fees shall be collected from any holder of a mineral agreement, financial or technical assistance agreement or exploration permit on public or private lands. The 70% of the collected sum will be given to the Municipal Treasury Office while the 30% in the Provincial Treasury Office where the mining area is located.
Currently, Region XII has fifteen (15) registered permits/contracts including the Exploration Permit of SGMRI.