75 Mining Contracts to Be Canceled

  • Wednesday, February 15, 2017
  • Source:ferro-alloys.com

  • Keywords:mining Philippine
[Fellow]A total of 75 mining companies are now at risk of losing their Mineral Production Sharing Agreements (MPSA) it earlier got from the government.

www.ferro-alloys.com: Some of the big mining firms that may lose their MPSAs are: Kingking Mining Corp. (Davao del Norte), Alsons Development and Investment Co., Inc. (Compostela Valley), Silangan Mindanao Mining Co., Inc. (Surigao), Philex Gold Philippines,, Inc. (Surigao and Zamboanga), Vulcan Industrial and Mining Corp. (Negros) and TVI Resources Development Phils. (Zamboanga).

Lopez said these companies will receive show cause orders from the Department of Environment and Natural Resources starting today (Wednesday) and will be given seven days to explain why they can keep their MPSAs.

In Davao Region, other companies affected in the MPSA cancellation are King Eagle Exploration and Mining Corp., Dabawenyo Minerals Corp., Phil. Youbang Mining International Corp., Sinophil Mining and Trading Corp., Core Mining Corp., Ore-East Mining Co., Inc., and Napnapan Mineral Resources, Inc.

DENR is also cancelling MPSAs of some mining operations in Dinagat and Surigao, including Bright Green Resources Corp., Pacific Nickel Phils, Inc., Consolidated Ores. Phils., Inc., Phigold Metallic Ore, Inc., East Coast Mineral Resources Co., Inc., Kepha Mining Exploration Co., North Dinagat Mineral Resources Corp., and Rosario Consolidated Mining Co.

In Zamboanga, companies that are at risk of losing their MPSAs are Siennalyn Gold Mining Corp., Solid North Mineral Corp., Atro Mining-Vitali Inc., 168 Ferrum Pacific Mining Corp., Geotechniques and Mines Inc., Roldan Dalman, Peng Cheng Metallic Resources Corp., Maharlika Dragon Mining Corp., and Czarstone Mining Corp.

Five operations based in Zambales are likewise affected in the DENR’s latest order, which includes Shangfil Mining and Trading Corp., San Juanico Resources Corp., Mineral Treasures Mining Corp., Mina Tierra Gracia Inc., and Westchinamin Corp., while another one is from Negras, namely Selenga Mining Corp.

In Palawan, the DENR is cancelling the government’s mining contracts with Central Palawan Mining and Industrial Corp., Palawan Star Mining Ventures Inc. , Pyramid Hill Mining and Industrial Corp., Macroasia Corp., Lebach Mining Corp., while in Abra, Jabra Corp. may lose two MPSAs.

Other companies to lose MPSAs are GRCO Isulan Mining Corp., South Davao Development Co. Inc., Hard Rock Mineral Trading Inc., Crescent Mining and Development Corp., Itogon Suyoc Resources Inc., Macawiwili Gold Mining and Development Company Inc., Egerton Gold Philippines Inc., Alumina Mining Philippines Inc., Bauxite Resources Inc., Nickelace Inc., United Philippines and China Mining Corp., Industries Development Corp., Indophil Resources Phils Inc., Parvisgold Inc., Plethora Mineral Corp., Pio Castillo, Asia Alstron Mining and Development Corp., Phil Alstron Mining Corp., Aglubang Mining Corp., Alagag Mining Corp., Altai Philippines Mining Corp.

Meanwhile, it was last year when the DENR began running after the $5.9 billion Tampakan project for some environmental concerns. Now, Lopez officially cancelled the ECC of Sagittarius Mines Inc. for the project, which could have been the largest foreign investment in the country.

Withdrawal of the ECC will prevent any company to continue its operations or its certain projects.

  • [Editor:Licaixia]

Tell Us What You Think

please login!   login   register
Please be logged in to comment!