Business World

Suspension order on Lepanto’s gold-copper mine lifted by OP

- C. Lim Janina

LISTED LEPANTO Consolidat­ed Mining Co. told the stock exchange Monday that the Office of the President (OP) has lifted its suspension order imposed by former Environmen­t Secretary Regina Paz L. Lopez.

The firm said it received yesterday the Oct. 12- dated letter which gave Lepanto six months from receipt “to implement appropriat­e mitigating measures.”

The OP also ordered the company to pay the Mines and Geoscience­s Bureau and the Environmen­tal Management Bureau P27,275 and P100,000, respective­ly.

In a text message, Lepanto Consolidat­ed Vice-President and Assistant Corporate Secretary Odette A. Javier said the decision “followed the recommenda­tion of the Technical Review Committee in February 2017” to impose fines on the company due to “minor lapses” at its gold-copper project in Benguet.

In addition, the Department of Environmen­t and Natural Resources (DENR) is ordered to task the appropriat­e bureau under its purview to conduct a probe and submit a report on the results of the firm’s corrective measures to comply with the OP conclusion.

The firm filed its notice of appeal before the OP last Feb. 14 the same day it received the DENR’s suspension order and appeal memorandum on March 15.

Lepanto Consolidat­ed is only one of several miners that sought for the OP’s interventi­on to hold in abeyance staunch environmen­talist Ms. Lopez’ order to suspend and shutter 26 mines last February.

The decision was based on the findings of the DENR’s sevenmonth audit that miners questioned in terms of the procedures the agency adopted and the identity of the authoritie­s steering the audit.

The orders were also anchored on the DENR’s view that mining should not operate in any functional watersheds, a rule miners found lacking of any legal basis but the agency still forged when it cancelled the 75 permits of miners still undergoing pre- operation activities.

The DENR’s legal division earlier said over ten miners have rest their cases at the OP while others filed appeals at the Office of the Environmen­t Secretary.

BusinessWo­rld reached out on Monday to Palace officials to inquire if Lepanto Consolidat­ed is the first of the sanctioned mines it has relieved of the suspension order but received no response.

The OP’s decision comes before the Mining Industry Coordinati­ng Council’s own review of all existing mines, with priority to be given to the 26 that were affected by Ms. Lopez’s order.

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