Rio Tuba Mining among Palawan’s top taxpayers
(Photo: Mining Asia)
The Philippine Star | July 18, 2021 12:00am
MANILA, Philippines — Rio Tuba Nickel Mining Corp. (RTNMC), a subsidiary of Nickel Asia Corp. (NAC), has been recognized as one of the largest corporate taxpayers in Palawan.
Bataraza Mayor Abraham Ibba said RTNMC has paid the provincial coffers P340 million in real property tax from 2016 until 2020.
“RTNMC’s taxes is a big boost to our economic health. About 85 percent of our gross income is from the contribution of the two mining companies, RTNMC and Coral Bay Nickel Corp. (CBNC), that we host,” said Ibba.
Source: PhilStar