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The Philippines is not a good place to be a miner

Posted by ipso facto @ 9:23 on September 27, 2016  

OCEANAGOLD PROVIDES COMMENTS ON RECENT PHILIPPINES GOVERNMENT PRESS CONFERENCE

(MELBOURNE) OceanaGold Corporation (TSX/ASX/NZX: OGC) (the “Company”) notes that in a press conference held today by the Department of Environment and Natural Resources (“DENR”) Secretary Lopez and Senior Undersecretary Jasareno, OceanaGold Didipio operation was mentioned as one of the 23 mining companies listed that may have their operations suspended, due to alleged outstanding social issues.

The Company confirms that it has not received any formal order from the department and is currently seeking clarification and further details. In the meantime, mining and processing activities are continuing at the Didipio Mine. The Company will consider all avenues, including working collaboratively with the DENR, to facilitate the immediate resolution of this matter to ensure no disruption to our operations and our valued local workforce.

Mick Wilkes, President and CEO said, “We pride ourselves, and have been recognised on numerous occasions, for being a responsible mining company with a long history of operating to the highest industry standards on health, safety, environment, community and sustainability. We are disappointed with the statements made earlier today and will seek clarification and reconsideration from the DENR to further understand and rectify this matter in short order.”

http://www.oceanagold.com/wp-content/uploads/2016/09/27.09.2016_Philippines-Update_Media-Release.pdf

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.