Geneciano said if only buying stations can be established in each gold rush area, only then, miners will be forced to sell to legitimate outlets. “And if only the authority to buy is given to buyers.”
Geneciano said even if the miners do not sell to the Banko Central there is an automatic 7 percent tax imposed when selling gold is involved.
In the province there are 64 small scale mining associations with 20,000 SSM members, with 9 SSM permits released by the DENR–MGB.
Small-scale mining, although proven to be very hazardous, remains as one thriving industry in most gold-rush towns like Benguet.
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