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[2/2] Heherson Alvarez Vs. Picop Resources, Inc.

[2/2] HON. HEHERSON ALVAREZ substituted by HON. ELISEA G. GOZUN, in her capacity as Secretary of the Department of Environment and Natural Resources, Petitioner, versus PICOP RESOURCES, INC., Respondent.

G.R. No. 162243 | 2006-11-29

Therefore, the following are the requisites for the automatic conversion of the TLA into an IFMA, to wit:

1. The TLA holder had signified its intent to convert its TLA into an IFMA prior to the expiration of its TLA;

2. Proper evaluation was conducted on the application; and

3. The TLA holder has satisfactorily performed and complied with the terms and conditions of the TLA and the pertinent rules and regulations.

The Court of Appeals held:

From the foregoing provision, it can be gleaned that as long as an applicant-corporation has signified its intention to convert its TLA into an IFMA prior to the expiration of its TLA, has shown...