Preamble
WHEREAS, efforts of the Government to accelerate the development of our natural resources have been delayed by restrictions and limitations of time in meeting the requirements of the laws and rules in securing clearances and permits to undertake early mining operations; WHEREAS, in order to help alleviate the present plight of the mining operators and boost early exploitation of their concessions, the laws and rules governing the submission of certain requirements should be liberalized, and WHEREAS, in the interest of the mining industry, and pursuant to the policy of the Government to grant incentives to the industry in order to accelerate mineral production, it is desirable to grant sufficient time for submission of the requirements to make it more responsive to the needs of the mining industry. NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree: