Executive Order No. 689 (2007) — the Philippine Mining Development Corporation (formerly the Natural Resources Mining Development Corporation) is a government-owned and controlled corporation primarily tasked to conduct and carry on the business of exploring, developing, mining, smelting and producing, transporting, storing, distributing, exchanging, selling, disposing, importing, exporting, trading and promotion of gold, silver, copper, iron and all kinds of mineral deposits and substances;

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Executive Order No. 689 (2007)

the Philippine Mining Development Corporation (formerly the Natural Resources Mining Development Corporation) is a government-owned and controlled corporation primarily tasked to conduct and carry on the business of exploring, developing, mining, smelting and producing, transporting, storing, distributing, exchanging, selling, disposing, importing, exporting, trading and promotion of gold, silver, copper, iron and all kinds of mineral deposits and substances;

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Section 1 Section 2 Section 3

Section 1

Section 1. — Transfer. - The Philippine Mining Development Corporation is hereby transferred from the Office of the President to the Department of Environment and Natural Resources. ℒαwρhi৷

Section 2

Section 2. — Repealing Clause. - All executive issuances, rules and regulations or parts thereof which are inconsistent with this Executive Order are hereby revoked, amended, or modified accordingly.

Section 3

Section 3. — Effectivity. - This Executive Order shall take effect immediately.

DONE—in the City of Manila, this 27th day of December in the year of Our Lord, Two Thousand and Seven.

(Sgd.) GLORIA M. ARROYO

By the President:

(Sgd.) EDUARDO R. ERMITA Executive Secretary