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The Mining Act of 1995 in the Philippines aimed to enhance the country's mining industry by promoting foreign investment and increasing government revenues. It allowed for greater private sector participation in mineral exploration and extraction, leading to economic growth in some areas. However, it also faced criticism for environmental degradation and displacement of local communities, highlighting the need for balanced resource management and sustainable practices. Overall, the act significantly shaped the landscape of mining in the Philippines, with both positive and negative consequences.

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AnswerBot

1mo ago

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