Business World

OceanaGold permit stays

- J.C. Lim

THE LOCAL UNIT of Australian miner OceanaGold Corp. said the Environmen­t department has not revoked its recently received exploratio­n permit for its Nueva Vizcaya mine as the agency, through its secretary, earlier threatened to do so.

“We have not been advised officially by the DENR (Department of Environmen­t and Natural Resources) and there should be no reason why that should be withdrawn because it was just granted to us,” OceanaGold (Philippine­s), Inc. Chairman Jose P. Leviste, Jr. told reporters on the sidelines of a mining industry conference held Wednesday.

The OceanaGold official was responding to questions on whether the agency’s Secretary Regina Paz L. Lopez has acted on her threat to take away the company’s exploratio­n permit for the area surroundin­g its Didipio mine in Nueva Vizcaya, which stemmed from companies by non- government organizati­ons that OcenaGold’s mining activities posed threats to the environmen­t.

“We’re not going to agricultur­al areas. We will focus on highly mineralize­d areas which, by nature, are not agricultur­al,” Mr. Leviste said.

OceanaGold has not commenced its exploratio­n activities in the area, Mr. Leviste said. “We’ve been waiting to start for a long long time.”

Earlier this year, the Australian miner received a five-year extension to its mining contract.

OceanaGold holds a financial or technical assistance agreement with the government for a mining area covering some 158 square kilometers in the provinces of Nueva Vizcaya and Quirino.

 ??  ?? OCEANAGOLD Corp.’s local unit owns and operates the high-grade gold-copper Didipio Mine in Nueva Vizcaya.
OCEANAGOLD Corp.’s local unit owns and operates the high-grade gold-copper Didipio Mine in Nueva Vizcaya.

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