Market Herald logo

Subscribe

Be the first with the news that moves the market
  • The Philippines Court of Appeals in Manila has set a date for OceanaGold’s application for a Writ of Preliminary Injunction
  • Since July 1 2019, local government units from the Province of Nueva Vizcaya have impeded access to and from the company’s Didipio Mine
  • OceanaGold says it is committed to working with the government during this process

The Philippines Court of Appeals in Manila has set Wednesday, September 18 2019 as the hearing date for OceanaGold’s application for a Writ of Preliminary Injunction.

Since July 1 2019, local government units from the Province of Nueva Vizcaya have impeded access to and from the company’s Didipio Mine site.

OceanaGold is heading to court as part of its appeal against the Nueva Vizcaya Provincial Court ruling, denying its request to end the “unlawful” restraint of operations at Didipio.

According to the company, the Local Government Code of 1991 (Republic Act No. 7160) does not grant the power or authority to the Provincial Governor or any local government officer to restrain any aspect of the Didipio operation.

OceanaGold President and CEO Mick Wilkes states the company is maintaining transparency and will work with the Philippine regulatory authorities.

“While this process is taking some time, we will always operate in line with our values and commitment to responsible mining, and this means working transparently with the Philippine regulatory authorities to maximise the speed of the renewal,” Mick said.

The company continues to work with the National Government to finalise the renewal of the FTAA and remains open to engaging with the Provincial government.

“I would like to recognise our world-class Philippine workforce of 1500 workers who have remained focused on safety and preserving optionality at site during this uncertain time,” Mike continued.

Didipio is a high-grade underground copper and gold mine, located on the island of Luzon in the Philippines.

OGC by the numbers
More From The Market Herald

" Schrole Group (ASX:SCL) teams up with Eteach to expand distribution

Recruitment technology company, Schrole Group (ASX:SCL) has executed a strategic reseller agreement with UK-based job board,…
Locksley Resources (ASX:LKY) - Managing Director, Steve Woodham

" Locksley Resources (ASX:LKY) completes airborne survey at Tottenham

Locksley Resources (ASX:LKY) has completed a 1066.2 line kilometre helicopter borne magnetic and electromagnetic survey at…

" Nanoveu (ASX:NVU) signs MoU to establish JV in India

Nanoveu (ASX:NVU) has signed a memorandum of understanding (MoU) with Alan Scott Industries to establish a…
Mont Royal Resources (ASX:MRZ) - Executive Director, Peter Ruse

" Mont Royal Resources (ASX:MRZ) strikes nickel-copper sulphides at Wapatik, Canada

Mont Royal Resources (ASX:MRZ) and its joint venture partner Azimut Exploration strike nickel-copper sulphides at the…