Davao Oriental announces a revenue of PHP 16.7 million from gravel sales.
Rewritten Article:
🔍🏗️ Davao Oriental's Sand and Gravel Operations Yield Strong Returns in 2024 💼🌈
In a recent meeting, the Provincial Mining Regulatory Board (PMRB) of Davao Oriental reported a significant boost in revenue from commercial sand and gravel (Csag) operations in 2024. The operations generated approximately P16.7 million, with P6.16 million in extraction fees and over P1 million in excise taxes.
This figure shows a slight dip compared to 2023, when production reached almost P17.3 million, with extraction fees amounting to P6.67 million and excise taxes at P1.47 million. Contrastingly, in 2022, the figures sat at P5.4 million in production, P2.08 million in fees, and merely P373,000 in taxes.
📈💼 Business Insights:
Post-pandemic demand for infrastructure projects in 2024 has accounted for a steady increase in Csag operations.Sustained infrastructure spending under national projects and local developments supports a steady increase in demand.Exports to neighboring regions could spur growth if high-quality aggregates remain in high demand.Strict enforcement of environmental regulations could create operational challenges for operators.Logistics costs, fuel price volatility, and limited fleet modernization may affect profit margins.Illegal extraction activities could potentially cause market disruptions.
🌎🤝 Collaboration for Sustainable Quarrying:
The provincial government, in alliance with the Department of Environment and Natural Resources (DENR), and other stakeholders have vowed to ensure lawful and eco-friendly quarrying in Davao Oriental. This commitment aims to foster a sustainable future while reaping substantial benefits for the province.
"Mindless revenue isn't the ultimate goal; we aim to protect the environment while benefiting the people," Governor Niño Sotero Uy declared at the PMRB meeting.
During the gathering, discussions focused on the review of applications from seven new CSAG operators, the compliance of these applicants with legal requirements, and the evaluation of available open areas for quarry operations.
The administration emphasized a continued focus on transparency, regulatory compliance, and environmental stewardship in its mining and quarrying policies.
💬🔗 Join the Conversation:
"This collaboration has immensely bolstered our financial resources, paving the way for a sustainable future." shared the provincial government on their Official Facebook page. Follow their page for the latest updates on local initiatives. 🌐📲
🚀🏗️ Looking Ahead:
Csag operations in Davao Oriental have shown promising growth, with a potential 5–8% annual growth rate if infrastructure projects remain a top priority. Investments in eco-friendly technologies and strategic partnerships are expected to reshape the industry's future. Small operators may consider merging to meet increased compliance costs as well.
- In the midst of increased demand for infrastructure projects, the provincial government of Davao Oriental, alongside the Department of Environment and Natural Resources (DENR) and other stakeholders, are committed to ensuring legal and eco-friendly quarrying.
- Aiming for a sustainable future, the provincial government seeks to protect the environment while reaping benefits, stating, "Mindless revenue isn't the ultimate goal; we aim to protect the environment while benefiting the people."
- In 2025, if infrastructure projects remain a top priority, Csag operations in Davao Oriental could potentially experience a 5–8% annual growth rate, driven by increased demand, so long as they continue to prioritize eco-friendly technologies and regulatory compliance.
- The Provincial Mining Regulatory Board (PMRB) is currently evaluating the applications from seven new CSAG operators, ensuring they meet legal requirements and can comply with necessary open areas for quarry operations.
- As small operators face increasing compliance costs, they may consider merging to maintain profitability, signaling a possible restructuring of the industry in future years.
- The provincial government is actively focusing on transparency, regulatory compliance, and environmental stewardship in its mining and quarrying policies, fostering a collaboration that is anticipated to amplify their financial resources for a promising and sustainable future.
