Republic of the Philippines Congress of the Philippines Metro Manila Republic Act No. 7942 Philippine Mining Act of 1995. An Act instituting a new system of mineral resources exploration, development, utilization and conservation CHAPTER I INTRODUCTORY PROVISIONSSection 1. Title. - This act shall be known as the Philippine Mining Act of 1995. Section 2. Declaration of Policy. - All mineral resources in public and private lands within the territory and exclusive economic zone of the Republic of the Philippines are owned by the State. It shall be the responsibility of the State to promote their rational exploration, development, utilization and conservation through the combined efforts of government and the private sector in order to enhance national growth in a way that effectively safeguards the environment and protect the rights of affected communities. Section 3. Definition of Terms. - As used in and for purposes ...