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RA 1522 Section 2

RA 1522 Section 2

Section 2

SEC 2. Section four of Republic Act Numbered Eleven hundred and sixty-four is amended to read as follows: "SEC. 4. Mines with gold as principal product or as by-product.—Newly mined gold produced as principal product or as by-product may be sold either to the Government through the Central Bank in the form of refined gold at the current official price per ounce plus the assistance provided in section six hereof or in the domestic free market without benefit of the assistance, at the choice of the gold producer: Provided, however, That at least seventy-five per centum of all newly-mined gold produced by each mine either as principal product or as by-product shall be sold to the Government in accordance with the provisions of this Act: And provided, further, That mines producing gold as by-product shall only be entitled to the assistance given to mines over the marginal, classification." "SEC. 3. The Board may, at its discretion, exclude from the benefits of this act any mine which may be found, upon due hearing, to be discriminating in such matter as, but not limited to, salaries, wages and management against Filipino technical men, employees and/or laborers."

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Other provisions in RA 1522

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationRA 1522 Section 2 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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