CHAPTER XVII: GROUND FOR CANCELLATION, REVOCATION, AND TERMINATION
Section 95
Late or Non-filing of Requirements
Failure of the permittee or contractor to comply with any of the requirements provided in this Act or in its implementing rules and regulations, without a valid reason, shall be sufficient ground for the suspension of any permit or agreement provided under this Act.
Section 96
Violation of the Terms and Conditions
of Permits or Agreements
Violation of the terms and conditions of the permits or agreements shall be a sufficient ground for cancellation of the same.
Section 97
Non-Payment of Taxes and Fees
Failure to pay the taxes and fees due the Government for two (2) consecutive years shall cause the cancellation of the exploration permit, mineral agreement, financial or technical assistance agreement and other agreements and the re-opening of the area subject thereof to new applicants.
Section 98
Suspension or Cancellation
of Tar Incentives and Credits
Failure to abide by the terms and conditions of tax incentive and credits shall cause the suspension or cancellation of said incentives and credits.
Section 99
Falsehood or Omission of Facts in the Statement
All statements made in the exploration permit, mining agreement and financial or technical assistance agreement shall be considered as conditions and essential parts thereof and any falsehood in said statements or omission of facts therein which may alter, change or affect substantially the facts set forth in said statements may cause the revocation and termination of the exploration permit, mining agreement and financial or technical assistance agreement.
