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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 464 |
Manila
In connection with the proposed government project of providing low-cost housing to the people utilizing sulphur as raw material and in order to be assured of adequate and ready supply of elemental or native sulphur, all areas containing sulphur deposits in the country are closed to mining location.
Pending study of all possible sources of said mineral, the following guidelines are to be followed:
(1)
The processing of all existing claims for
elemental or native sulphur are hereby suspended.
(2) All
holders of mining leases and permits covering
elemental or native sulphur may be allowed to operate, provided that
they supply the raw material requirement of the low-cost housing
project when required, at ceiling prices to be fixed by the proper
government authority, or may enter into operating contract with a
government agency or entity which shall operate the mine in
consideration of royalties to be fixed by the government or agreed upon
by both parties.
(3) When
warranted, the government may take over the
operation of the mine under terms and conditions to be determined by
the government.
Done in the City of Manila, this 23rd day of September, in the year of Our Lord, Nineteen Hundred and Seventy-Six.
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Since 19.07.98.
