PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES
REPUBLIC ACTS
REPUBLIC ACT NO. 2313 - AN ACT TO
AUTHORIZE THE DIRECTOR OF MINES TO ENTER INTO AN OPERATING CONTRACT,
WITH THE APPROVAL OF THE SECRETARY OF AGRICULTURE AND NATURAL
RESOURCES, WITH PRIVATE ENTERPRISE FOR THE DEVELOPMENT, EXPLORATION,
PROCESSING AND DISPOSITION OF THE MINERALS IN THE GOVERNMENT MINERAL
RESERVATION AT THE MUNICIPALITIES OF MASINLOC AND CANDELARIA, PROVINCE
OF ZAMBALES, AND FOR OTHER PURPOSES |
Section 1.
Recognizing the importance to the national economy
of the immediate development, exploration, utilization, processing and
disposition by private enterprise of the mineral deposits in the
Zambales Mineral Reservations, it is hereby declared to be the policy
of the Government to engage private enterprise in the development,
exploration, processing and disposition of the minerals
therefrom. Sec. 2. The Director of Mines is hereby authorized to enter into an operating contract, through public bidding, with any qualified, competent and responsible domestic party or parties possessing all the qualifications under section three hereof, for the development and operation of the government chromite reservations described and known as Parcel of Land numbers one, two and three thereof, set aside as such by Proclamation Numbered Three hundred thirteen dated April twenty-four, nineteen hundred and thirty of the then Governor General of the Philippine Islands, such contract to be executed by the Director of Mines with the approval of the Secretary of Agriculture and Natural Resources.
Sec. 3. No private enterprise can be a party to
the operating contract, referred to in section two hereof, unless he/it
possesses, at the time of the bid and award, all of the following
qualifications, namely, that such party:
Sec. 4. At least sixty (60) days before the
scheduled date for the opening of the sealed bids, the Director of
Mines shall publish once a week for three consecutive weeks in two
newspapers of general circulation the call and terms for the bid. The
Director of Mines, with the approval of the Secretary of Agriculture
and Natural Resources, is hereby authorized to stipulate such terms and
conditions as he may see fit in the call for bids, which shall
constitute the basis of the operating contract to be executed with the
awardee, in addition to the following:
Sec. 5. The Director of Mines shall have the
power and authority to represent the Government in such operation and
to ensure compliance with the terms and conditions of the operating
contract, and for this purpose, he is hereby authorized to set aside
five percent (5%) of the royalties or participation received by the
Government under the contract to cover necessary expenses of his office
in connection therewith.
Sec. 7. This Act shall take effect upon its
approval. Approved: June 19, 1959 |