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Primary Text
Terms and Conditions of the Contract. – A contract shall have a term of two (2) years, renewable subject to verification by the Board for like periods as long as the contractor complies with the provisions set forth in this Act, and confers upon the contractor the right to mine within the contract area: provided, that the holder of a small-scale mining contract shall have the following duties and obligations:
(a) Undertake mining activities only in accordance with a mining plan duly approved by the Board;
(b) Abide by the Mines and Geosciences Bureau and the small-scale Mining Safety Rules and Regulations;
(c) Comply with his obligations to the holder of an existing mining right;
(d) Pay all taxes, royalties or government production share as are now or may hereafter be provided by law;
(e) Comply with pertinent rules and regulations on environmental protection and conservation, particularly those on tree-cutting mineral-processing and pollution control;
(f) File under oath at the end of each month a detailed production and financial report to the Board; and
(g) Assume responsibility for the safety of persons working in the mines.
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