BY LEANDER C. DOMINGO
QUEZON, Nueva Vizcaya—FCF Minerals Corporation, operator of the Runruno Gold Project here has generated a staggering P5.71 billion in taxes, fees and duties since the start of its commercial operations in 2017.
In a statement, FCF Minerals said, “The project is a testament to the company’s commitment to responsible mining practices and community development.”
According to available data, the taxes and fees paid by FCF Minerals have significantly contributed to the local economy and national coffers.
Mining companies in the Philippines are typically subject to a range of taxes and fees, including excise tax on mineral products (2 percent of gross sales for gold); income tax (25 percent of taxable income); value-added tax or VAT or percentage tax on sales; local business taxes and fees; and royalties on mineral reservations (if applicable).
FCF Minerals’ substantial tax contributions underscore the economic importance of responsible mining operations in the country.
The company’s commitment to environmental protection and community development has earned it numerous accolades, including the prestigious Presidential Mineral Industry Environment Award for Surface Mining Operations.
“We commend FCF Minerals for its exemplary performance in balancing economic development with environmental stewardship and community engagement,” said Regional Director Mario Ancheta of the Mines and Geoscience Bureau in the Cagayan Valley region.
“Their success story highlights the potential of the mining sector to drive inclusive growth when done responsibly,” Ancheta added.
The Runruno Gold Project’s positive impact extends beyond tax revenues.
Ancheta said FCF Minerals has also invested in local infrastructure, education, and healthcare initiatives, improving the quality of life for residents in the surrounding communities.
“The company’s efforts have fostered goodwill and demonstrated the tangible benefits of mining operations done right,” he said.
However, the mining industry in the Philippines continues to face challenges, including regulatory hurdles, permitting complexities, and, as highlighted by recent events involving Woggle Corporation, interference from local politics.
Affiliated with FCF Minerals, Woggle Corporation recently secured a restraining order against protesters blocking access to their mine in Dupax del Norte, Nueva Vizcaya.
“Companies like FCF Minerals show what’s possible with responsible mining,” said some government and civic leaders who are balancing the situation in said town.
“But to unlock the full potential of our mineral resources, we need clearer policies, consistent regulations, and safeguards against local power plays that deter investment,” they added.
They said that FCF Minerals remains a benchmark for best practices in the Philippine mining sector.
They stated that “as the government seeks to boost investments and maximize revenues from natural resources, the case of the Runruno Gold Project offers valuable lessons in balancing economic development, environmental protection and community welfare.”
For now, they added, FCF Minerals continues to operate with distinction, contributing millions to public funds and communities where they operate, and serving as a model for sustainable mining in the Philippines.