May 26, 2018, 8:10 am
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1 Philippine Peso = 0.06987 UAE Dirham
1 Philippine Peso = 2.04394 Albanian Lek
1 Philippine Peso = 0.03405 Neth Antilles Guilder
1 Philippine Peso = 0.46707 Argentine Peso
1 Philippine Peso = 0.02507 Australian Dollar
1 Philippine Peso = 0.03386 Aruba Florin
1 Philippine Peso = 0.03804 Barbados Dollar
1 Philippine Peso = 1.58684 Bangladesh Taka
1 Philippine Peso = 0.03178 Bulgarian Lev
1 Philippine Peso = 0.00718 Bahraini Dinar
1 Philippine Peso = 33.30759 Burundi Franc
1 Philippine Peso = 0.01902 Bermuda Dollar
1 Philippine Peso = 0.02521 Brunei Dollar
1 Philippine Peso = 0.13049 Bolivian Boliviano
1 Philippine Peso = 0.06941 Brazilian Real
1 Philippine Peso = 0.01902 Bahamian Dollar
1 Philippine Peso = 1.2997 Bhutan Ngultrum
1 Philippine Peso = 0.18862 Botswana Pula
1 Philippine Peso = 380.82557 Belarus Ruble
1 Philippine Peso = 0.038 Belize Dollar
1 Philippine Peso = 0.02456 Canadian Dollar
1 Philippine Peso = 0.01888 Swiss Franc
1 Philippine Peso = 11.92087 Chilean Peso
1 Philippine Peso = 0.1215 Chinese Yuan
1 Philippine Peso = 54.23245 Colombian Peso
1 Philippine Peso = 10.69241 Costa Rica Colon
1 Philippine Peso = 0.01902 Cuban Peso
1 Philippine Peso = 1.79018 Cape Verde Escudo
1 Philippine Peso = 0.41871 Czech Koruna
1 Philippine Peso = 3.37645 Djibouti Franc
1 Philippine Peso = 0.12092 Danish Krone
1 Philippine Peso = 0.9416 Dominican Peso
1 Philippine Peso = 2.20987 Algerian Dinar
1 Philippine Peso = 0.25394 Estonian Kroon
1 Philippine Peso = 0.33993 Egyptian Pound
1 Philippine Peso = 0.51779 Ethiopian Birr
1 Philippine Peso = 0.01623 Euro
1 Philippine Peso = 0.03907 Fiji Dollar
1 Philippine Peso = 0.01422 Falkland Islands Pound
1 Philippine Peso = 0.01425 British Pound
1 Philippine Peso = 0.08823 Ghanaian Cedi
1 Philippine Peso = 0.89024 Gambian Dalasi
1 Philippine Peso = 171.23835 Guinea Franc
1 Philippine Peso = 0.13955 Guatemala Quetzal
1 Philippine Peso = 3.93875 Guyana Dollar
1 Philippine Peso = 0.14924 Hong Kong Dollar
1 Philippine Peso = 0.45305 Honduras Lempira
1 Philippine Peso = 0.11993 Croatian Kuna
1 Philippine Peso = 1.23264 Haiti Gourde
1 Philippine Peso = 5.18261 Hungarian Forint
1 Philippine Peso = 268.49914 Indonesian Rupiah
1 Philippine Peso = 0.06761 Israeli Shekel
1 Philippine Peso = 1.28921 Indian Rupee
1 Philippine Peso = 22.52235 Iraqi Dinar
1 Philippine Peso = 800.64676 Iran Rial
1 Philippine Peso = 2.00476 Iceland Krona
1 Philippine Peso = 2.38368 Jamaican Dollar
1 Philippine Peso = 0.01348 Jordanian Dinar
1 Philippine Peso = 2.08195 Japanese Yen
1 Philippine Peso = 1.91839 Kenyan Shilling
1 Philippine Peso = 1.2975 Kyrgyzstan Som
1 Philippine Peso = 77.23036 Cambodia Riel
1 Philippine Peso = 7.96595 Comoros Franc
1 Philippine Peso = 17.12003 North Korean Won
1 Philippine Peso = 20.46376 Korean Won
1 Philippine Peso = 0.00575 Kuwaiti Dinar
1 Philippine Peso = 0.0156 Cayman Islands Dollar
1 Philippine Peso = 6.24805 Kazakhstan Tenge
1 Philippine Peso = 158.41735 Lao Kip
1 Philippine Peso = 28.6285 Lebanese Pound
1 Philippine Peso = 3.00552 Sri Lanka Rupee
1 Philippine Peso = 2.59102 Liberian Dollar
1 Philippine Peso = 0.23569 Lesotho Loti
1 Philippine Peso = 0.05799 Lithuanian Lita
1 Philippine Peso = 0.0118 Latvian Lat
1 Philippine Peso = 0.02586 Libyan Dinar
1 Philippine Peso = 0.18008 Moroccan Dirham
1 Philippine Peso = 0.31929 Moldovan Leu
1 Philippine Peso = 0.99391 Macedonian Denar
1 Philippine Peso = 25.77516 Myanmar Kyat
1 Philippine Peso = 45.76412 Mongolian Tugrik
1 Philippine Peso = 0.15373 Macau Pataca
1 Philippine Peso = 6.73388 Mauritania Ougulya
1 Philippine Peso = 0.65627 Mauritius Rupee
1 Philippine Peso = 0.29618 Maldives Rufiyaa
1 Philippine Peso = 13.63553 Malawi Kwacha
1 Philippine Peso = 0.37196 Mexican Peso
1 Philippine Peso = 0.07566 Malaysian Ringgit
1 Philippine Peso = 0.23683 Namibian Dollar
1 Philippine Peso = 6.82899 Nigerian Naira
1 Philippine Peso = 0.59717 Nicaragua Cordoba
1 Philippine Peso = 0.15404 Norwegian Krone
1 Philippine Peso = 2.06962 Nepalese Rupee
1 Philippine Peso = 0.02745 New Zealand Dollar
1 Philippine Peso = 0.00732 Omani Rial
1 Philippine Peso = 0.01902 Panama Balboa
1 Philippine Peso = 0.0621 Peruvian Nuevo Sol
1 Philippine Peso = 0.06201 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.19897 Pakistani Rupee
1 Philippine Peso = 0.06975 Polish Zloty
1 Philippine Peso = 108.10348 Paraguayan Guarani
1 Philippine Peso = 0.06924 Qatar Rial
1 Philippine Peso = 0.0751 Romanian New Leu
1 Philippine Peso = 1.17631 Russian Rouble
1 Philippine Peso = 16.13468 Rwanda Franc
1 Philippine Peso = 0.07134 Saudi Arabian Riyal
1 Philippine Peso = 0.15092 Solomon Islands Dollar
1 Philippine Peso = 0.25547 Seychelles Rupee
1 Philippine Peso = 0.34155 Sudanese Pound
1 Philippine Peso = 0.16566 Swedish Krona
1 Philippine Peso = 0.02546 Singapore Dollar
1 Philippine Peso = 0.01422 St Helena Pound
1 Philippine Peso = 0.42241 Slovak Koruna
1 Philippine Peso = 149.32471 Sierra Leone Leone
1 Philippine Peso = 10.69051 Somali Shilling
1 Philippine Peso = 397.78391 Sao Tome Dobra
1 Philippine Peso = 0.16644 El Salvador Colon
1 Philippine Peso = 9.79608 Syrian Pound
1 Philippine Peso = 0.23678 Swaziland Lilageni
1 Philippine Peso = 0.60662 Thai Baht
1 Philippine Peso = 0.0483 Tunisian Dinar
1 Philippine Peso = 0.04363 Tongan paʻanga
1 Philippine Peso = 0.08961 Turkish Lira
1 Philippine Peso = 0.1286 Trinidad Tobago Dollar
1 Philippine Peso = 0.56886 Taiwan Dollar
1 Philippine Peso = 43.27563 Tanzanian Shilling
1 Philippine Peso = 0.49705 Ukraine Hryvnia
1 Philippine Peso = 71.0291 Ugandan Shilling
1 Philippine Peso = 0.01902 United States Dollar
1 Philippine Peso = 0.5933 Uruguayan New Peso
1 Philippine Peso = 151.83565 Uzbekistan Sum
1 Philippine Peso = 1494.25528 Venezuelan Bolivar
1 Philippine Peso = 433.30797 Vietnam Dong
1 Philippine Peso = 2.03595 Vanuatu Vatu
1 Philippine Peso = 0.04914 Samoa Tala
1 Philippine Peso = 10.63667 CFA Franc (BEAC)
1 Philippine Peso = 0.05136 East Caribbean Dollar
1 Philippine Peso = 10.63667 CFA Franc (BCEAO)
1 Philippine Peso = 1.926 Pacific Franc
1 Philippine Peso = 4.75366 Yemen Riyal
1 Philippine Peso = 0.23681 South African Rand
1 Philippine Peso = 98.716 Zambian Kwacha
1 Philippine Peso = 6.88415 Zimbabwe dollar

Mine, mine, mine! Miners all...

The Mining Industry Coordinating Council (MICC) is hard pressed to find much wrong with  open pit surface mining.   “Doable and lucrative”--describes open pit surface mining, according to MICC.    If the MICC succeeds in putting enough influence, pressure, arm-twisting, etc. on Natural Resources Secretary Roy Cimatu, open pit mining  will be A-OK again for DENR.   MICC cannot possibly police mines since it has for its leader a lawyer with full sympathy for mine owners.  Also, MICC co-chair is Finance Secretary Carlos G. Dominguez,  who from all indications sees no wrong in these  local mining ethics. 

Larry Heradez, head of the Mines & Geosciences Bureau’s legal division is in tune with MICC.  Heradez was part of a team that reviewed those Gina Lopez policy orders suspending illegally operating mines.   Among those that Heradez reviewed were the cancellation of 75 contracts of undeveloped mines to protect watersheds.   Heradez:  “Some of the 75 contracts may still be canceled; not because the projects are within watersheds,  but because of possible violations, like non-payment of taxes and non-implementation of work program.”  Heradez sees mining activities in watersheds acceptable, as long as taxes are paid and work programs (?)  are implemented.  Did he ask, para que these  watersheds?  Are watersheds useful?

Mining veteran and ex-banker Gerard Brimo, president and chief executive officer of Nickel Asia Corp. is new chair of  Chamber of Mines of the Philippines (COMP) to lead the mining industry in navigating a challenging regulatory environment.  COMP struggles with the definition of “responsible mining” (Philippine Mining Act).  Owners are mandated to  “set up a rehabilitation fund to make the mine area as  productive after all ores are extracted.”   There is not enough money in the pocket of an owner to effectively  rehabilitate any open pit mine such as those poisoned pits sitting all over the Philippines today.  How does one rehabilitate a poisoned open pit?   Poisoned pits  are historically abandoned to poison Filipinos for centuries.   COMP  vice chairs are Gilberto Teodoro, defense chief during the Macapagal-Arroyo regime and now chair of Sagittarius Mines; Jose Leviste Jr., chair of Oceana Gold Philippines.  

Excerpt from Alyansa Tigil Mina (ATM):  “Mining will permanently change the physical and ecological landscape of an area. The same mining tenement has a river, a forest, or in a fragile island-ecosystem.  The same mine facilities are impacting the coastal areas for fishers and the irrigation for farmers.  The same mine project is within ancestral domains, and therefore require Free, Prior and Informed Consent (FPIC) from indigenous communities.  The same mining project introduces environmental, social and political impacts. 

“To reduce the mining audit to a ‘technical exercise’ and the mining industry as an ‘economic driver’ sans the social and environmental safeguards, defeats the purpose of establishing what is a ‘responsible mine’.  This reveals the hollowed and minimal understanding of the mining industry and how to implement ‘responsible mining’.  This is not the path to social justice....”

Open pit surface mining’s business maneuvering serves Team Miners’ mission.  While this bunch recognizes  the money-making potential  of open pit mining, the environment and people’s communities around open pits will suffer unspeakable punishment.  Open pit is horrendous beyond words.

Once this Team Miners  has completed its review of all previous policy orders and made recommendations to neglect  watersheds, they will be submitted to Environment Secretary Roy Cimatu, who then “can revise or amend or supersede.  With the advice and consent of mine owners?   Cimatu  has been taking a slow approach towards mining; what to do about the mining operations and contracts ordered closed, suspended or canceled.   A  former military chief, Cimatu told media it was possible to “strike a balance between mining and natural resources.”  Mining vs natural resources!   A diametrically opposing missions seeing the unmoderated greed of certain mine owners. The people are hoping that Cimatu would go  after such miners who operate illegally for increased profit in rural and mountainous areas, affect farmlands, mangroves, rivers, and shorelines where the poor live and engage in livelihood – farmers, indigenous peoples, and subsistence fishermen.

Data from the Mines and Geosciences Bureau (MGB) revealed that the total metallic production value grew by P2.08 billion in the first six months of the year, from P48.73 billion in the same period in 2016 to P50.81 billion.   “Gold price was on the upswing in the first half particularly due to strong investment demand.”  The yellow metal was upbeat at US$1,238.46 per troy ounce in the first half, from US$1,217.85 per troy ounce year-on-year, a US$20.61 increase.   Masbate Gold Project of Filminera Mining Corporation & Philippine Gold Processing and Refining Corporation in Bicol Province as well as OceanaGold Philippines, Inc. in Cagayan Province were the country’s major gold producers.

All these upswings in production and income!  Still,  Filipino soil handlers inside mines are left with coins after paying the company sari-sari store.  Their families still eating two meals a day.  Irresponsible illegal mine owners privatize benefits and socialize costs.   

***

Dahliaspillera@yahoo.com
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