The Philippines is endowed with vast and valuable mineral resources, presenting significant potential for the mining industry to contribute to the country's economy. However, several challenges hinder the sector's social acceptability and sustainable development. This policy brief examines the obstacles faced by the mining industry, including environmental and social costs, limited economic contribution, issues surrounding revenue sharing between the government and mining companies, and the overlapping and weak enforcement of mining laws. It emphasizes the importance of aligning sector development efforts with the nation's sustainable development and inclusive growth frameworks for the mining industry to thrive as a driver of economic progress. The brief puts forward recommendations such as expediting the legislation of a new revenue-sharing mechanism that ensures equitable public benefits while maintaining firms' investment incentives, enacting a law mandating large mining enterprises to establish processing facilities within the country, and institutionalizing the Philippine Extractive Industries Transparency Initiative (PH-EITI). By implementing these measures, the Philippines can unlock the full economic potential of its mining sector while upholding social and environmental responsibilities, leading to sustainable and inclusive growth.