Short Title.
Section 1
SECTION 1. Short Title. - This Decree shall be known and may be cited as the "Mineral Resources Development Decree of 1974".
PD 463 CHAPTER I
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails.・Read the official text ↗
Definition of Terms.
Section 2
SEC. 2. Definition of Terms. - As used in and for the purpose of this Decree, the following terms, whether in the singular or plural, unless the context indicates otherwise, shall have the following meanings: (a) "State" means the Republic of the Philippines. (b) "President" means the President of the Republic of the Philippines. (c) "Government" means the Government of the Republic of the Philippines. (d) "Secretary" means the Secretary of Natural Resources. (e) "Director" means the Director of Mines. (f) "Minerals" means all naturally occurring inorganic substances in solid, liquid, or any intermediate state including coal. Soil which supports organic life, sand and gravel, guano, petroleum, geothermal energy and natural gas are included in this term but are governed by special laws. (g) "Mineral Deposit" means a natural deposit or accumulation of minerals. (h) "Mineral Lands" are those lands in which minerals exist in sufficient quantity and grade to justify the necessary expenditures in extracting and utilizing such minerals. (i) "Quarry Resources" means any common stone or other common mineral substances as the Director may declare to be quarry resources such as, but not restricted to, marl, marble, granite, volcanic cinders, basalt, tuff and rock phosphate; Provided they contain no metal or metals or other valuable minerals in economically workable quantities. (j) "Exploration" is the examination and investigation of lands supposed to contain valuable minerals, by drilling, trenching, shaft sinking, tunneling, test pitting and other means, for the purpose of probing the presence of mineral deposits and the extent thereof. (k) "Development" refers to steps necessarily taken to reach an orebody or mineral deposit so that it can be mined. (l) "Exploitation" means the extraction and utilization of mineral deposits. (m) "Mining" or "to mind" means to extract, remove, utilize minerals, and include operations necessary for that purpose. (n) "Qualified person" means a Filipino citizen, of legal age and with capacity to contract, or a corporation or partnership registered with the Securities and Exchange Commission at least 60% of the capital of which is owned by Filipino citizens. (o) "Lessee" may include a leaseholder, claim owner or operator as the context of the provisions of this Decree may indicate. (p) "Regulations" means the rules and adminis-trative orders promulgated by the Secretary to implement the provisions of this Decree, or issued by the Director as to such matters as may be delegated to him by the Secretary.
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Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).