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In the mining town of Paracale, 350km south of Manila, locals mine for gold by scavenging under the earth and diving into hazardous tunnels

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Mining companies in the Philippines already face the most burdensome tax regime in Southeast Asia, with an average of 40% of revenues transferred to the government, via a 30% corporate income tax

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Friday's attack was the latest against the publicly listed gold-and-copper mining company operating in the minerals-rich but insurgency-plagued province Last March, dozens of rebels stormed the company's compound in Masara village, destroying millions of pesos' worth of vehicles and mining equipment

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To our surprise, the Mining & Geology officials there welcomed us in with open arms, provided us with all of the available information that we desired and offered to escort us out to a gold-bearing river which they believed was most likely to provide the type of mining opportunities that we were looking for

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The closed gold mining tunnels include 21ha that the T’boli Minahang Bayan multipurpose cooperative and the native Maguan clan were in dispute over, the news service said The land forms part of an 85ha site, known as the T’boli project, previously awarded to Tribal Mining by the government

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