The document outlines the key aspects of a Coal Operating Contract (COC) in the Philippines. A COC authorizes private operators to explore, develop, and produce coal resources within a specified area, with the operator providing services, technology, and financing in exchange for fees and reimbursement. The operator's obligations include mapping, drilling, trenching, and mining operations to extract and utilize coal deposits.
The document outlines the key aspects of a Coal Operating Contract (COC) in the Philippines. A COC authorizes private operators to explore, develop, and produce coal resources within a specified area, with the operator providing services, technology, and financing in exchange for fees and reimbursement. The operator's obligations include mapping, drilling, trenching, and mining operations to extract and utilize coal deposits.
The document outlines the key aspects of a Coal Operating Contract (COC) in the Philippines. A COC authorizes private operators to explore, develop, and produce coal resources within a specified area, with the operator providing services, technology, and financing in exchange for fees and reimbursement. The operator's obligations include mapping, drilling, trenching, and mining operations to extract and utilize coal deposits.
The document outlines the key aspects of a Coal Operating Contract (COC) in the Philippines. A COC authorizes private operators to explore, develop, and produce coal resources within a specified area, with the operator providing services, technology, and financing in exchange for fees and reimbursement. The operator's obligations include mapping, drilling, trenching, and mining operations to extract and utilize coal deposits.
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COAL DEVELOPMENT ACT OF 1976 a.
the EXAMINATION and
INVESTIGATION of lands supposed to What is a Coal Operating Contract? contain coal, by:
It is one of the authorized ways of active a.1. detailed SURFACE GEOLOGIC
Exploration, Development, and Production MAPPING; of coal resources in a Specified Contract Area. a.2. Core DRILLING, TRENCHING, TEST PITTING; and Each Coal Operating Contract SHALL BE executed on BEHALF of the government, a.3. other appropriate means for the REPRESENTED by the DOE Secretary. purpose of probing the presence of coal deposits and the existent thereof; How does a Coal Operating Contract operate? b. steps necessary to reach the coal deposits so that they can be MINED, In a COC, the SERVICE, TECHNOLOY included BUT NOT LIMITED TO SHAFT and FINANCING are furnished by the SINKING and TUNNELLING; and OPERATOR for which it shall be entitled to the stipulated fee and reimbursement of c. the EXTRACTION and UTILIZATION operating expenses. of coal deposits.
The operator must be TECHNICALLY
COMPETENT and FINANCIALLY CAPABLE to undertake the coal operations as required in the contract.
