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Transfer of the Functions of the Bureau of Mines and/or the Department of Natural Resources. The powers and functions of the Bureau of Mines and/or the Department of Natural Resources relative to the exploration, development, and administration of coal bearing lands as provided for in Presidential Decree No. 463 and Act No. 2719, as amended are transferred to the Board. The powers and functions of the Bureau of Mines and/or the Department of Natural Resources under Republic Act No. 5092 and other laws relating to the promotion and regulation of the exploration, exploitation and development of geothermal energy, natural gas and methane gas are likewise transferred to the Board. Such transfer shall include applicable records, equipment, property, funds and appropriations, and such personnel as may be necessary.
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