Manila, Sept. 4 -- President Ferdinand R. Marcos Jr. signed on Thursday Republic Act (RA) 12253 or the Enhanced Fiscal Regime for Large-Scale Metallic Mining Act in a ceremony at Malacanan Palace to ensure an equitable share of mining revenues for the government.

In a keynote speech, Marcos said the simplified fiscal regime for large-scale mining would make the mining infrastructure more robust and give the government a fair share from the extra profit.

"Around the world, the demand for minerals is surging. These minerals are needed to service the new technologies, for batteries, solar panels, other vital components of clean energy. Some even call these resources as the building blocks of a green and digital economy. We are blessed beca...