Mine Wastes and Tailings Fees.
Section 85
SEC. 85. Mine Wastes and Tailings Fees. - A semi-annual fee to be known as mine wastes and tailings fee is hereby imposed on all operating mining companies in accordance with the implementing rules and regulations. The mine wastes and tailings fee shall accrue to a reserve fund to be used exclusively for payment for damages to: Lives and personal safety; Lands, agricultural crops and forest products, marine life and aquatic resources, cultural resources; and Infrastructure and the revegetation and rehabilitation of silted farm lands and other areas devoted to agriculture and fishing caused by mining pollution. This is in addition to the suspension or closure of the activities of the contractor at any time and the penal sanctions imposed upon the same. The Secretary is authorized to increase mine wastes and tailings fees, when public interest so requires, upon the recommendation of the Director.