QuestionsQuestions (EXECUTIVE ORDER NO. 689)
The Philippine Mining Development Corporation is a government-owned and controlled corporation primarily tasked to conduct and carry on the business of exploring, developing, mining, smelting and producing, transporting, storing, distributing, exchanging, selling, disposing, importing, trading, and promotion of gold, silver, copper, iron, and all kinds of mineral deposits and substances.
The PMDC was transferred from the Office of the President.
The PMDC was transferred to the Department of Environment and Natural Resources (DENR).
The transfer was made to closely monitor and oversee the efficient and effective implementation of the country's utilization and development of its mineral resources.
The transfer was made under Section 31, Chapter 10, Title III, Book III of the Administrative Code of 1987, which gives the President continuing authority to reorganize the administrative structure of the Office of the President.
The Executive Order took effect immediately on December 27, 2007.
Section 2 states that all executive issuances, rules, and regulations or parts thereof which are inconsistent with this Executive Order are revoked, amended, or modified accordingly.
The PMDC is involved in exploring, developing, mining, smelting, producing, transporting, storing, distributing, exchanging, selling, disposing, importing, trading, and promoting mineral resources such as gold, silver, copper, iron, and other minerals.