The Philippine mining industry at a glance 11 2.3. Pertinent Mining Laws 14 3. Revenue stream from mining 18 3.1. Royalty and Excise Tax 19 3.2. Government taxes 19 3.3. Additional mining funds 19 3.4. Fiscal incentives 20 3.5. Mining Revenue Allocation Scheme 20 4. Processes Involved 20 4.1. THE Philippine mining industry is expected to continue to underperform in Asia as a result of weakening reserves, a poor regulatory framework, corruption, and increasing resource nationalism, a Fitch research unit said. The Philippines was rated 13th in Fitch Solutions Macro Researchs Outlook for Asias Mining Sector report released Thursday.