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GUIDELINES ON THE AWARDING OF COAL OPERATING CONTRACTS FOR DEVELOPMENT AND PRODUCTION
WHEREAS, Section 2, Article Xll of the 1987 Constitution provides that "xxx The exploration, development, and utilization of natural resources shall be under the full control and supervision of the State. Ihe Slate may directly undeftake such activities, or it may enter into co-production, joint venture, or production-sharing agreements with Filipino citizens, or corporations or assoclalions at /east sixty per centum of whose capital is owned by such citizens- Such agreements may be for a period not exceeding twenty-five years, renewable for not more than twenty-five years, and under such terms and conditions as may be provided by law. xxx;"
Published at: Official Gazette of the Republic of the Philippines, by the PCO
Date Published [mm/dd/yyyy]: 02/16/2026