AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
No Result
View All Result
Home Business

Marcventures is on board with Cimatu’s ‘progressive rehab’, announces four percent mine coverage so far

AngMinero News by AngMinero News
February 6, 2018
in Business, News
28 0
0
Marcventures is on board with Cimatu’s ‘progressive rehab’, announces four percent mine coverage so far
84
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Days after Environment Chief Roy A. Cimatu called out mining companies to pull themselves together and get with the new mining regulations, Marcventures Mining and Development Corporation (MMDC) released a statement that only 4.1 percent of the 4,799-hectare tenement has been used for its mining operations since the third quarter of 2017.

The Marcventures (MHI) subsidiary currently operates in Pili, Sipangpang, and Cabangahan – together, they sum up to 198.06 hectares of the large-scale mining area.

However, if taken into account mine stockyards, haulage road, settling ponds, and campsite, MMDC’s active site is 5.4 percent of its acquired tenement.

Moreover, MMDC maintained a 95.3 percent of undisturbed area of its Mineral Production Sharing Agreement (MPSA) in its homegrown areas in Surigao del Sur towns of Carrascal, Cantilan, and Madrid.

Earlier, Cimatu addressed the persistent negative public perception towards mining activities and how it’s the mining sector’s responsibility to reverse the situation through promoting responsible mining.

The government is expected to provide a new set of guidelines on limiting the number of mining areas, especially nickel and open-pit mines.

“We are creating a new guideline for surface mines, especially nickel mines or surface open-pit mines, to try to limit the actual area that is being mined out at any time. Now, mining companies can just work anywhere within their mine sites,” Wilfredo Moncano, director of Mines and Geosciences Bureau, said.

Wilfredo added that only within 81 hectares of their contract area miners are allowed to operate before they move on to another portion of their mine site.

As of 2015, MHI has delineated a total of 1,225 hectares as no-mining zones, which comprise of critical water bodies and ecologically-sensitive areas.

The nickel miner is also one of the few miners with environmentally forward strategies such as re-vegetation and regeneration of the natural ecosystem.

In 2012, subsidiary MMDC has rehabilitated 188.65 hectares of its total mining area.

Source: Manila Bulletin

Tags: denrmarcventuresmines and geosciences bureaumining philippinesroy cimatu

Related Posts

FNI registers Php 1.9B net income for 2021
News

PH Nickel Miner FNI Recognized for Legal Excellence in Asia

July 1, 2025
Cordillera Miners Urged to Halt Operations During Rains as Landslide Risks Rise
News

Cordillera Miners Urged to Halt Operations During Rains as Landslide Risks Rise

June 25, 2025
Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment
News

Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment

June 24, 2025
Masbate Mine Solar Shift to Save PHP 150M, Cut 8,500 Tons of CO₂ Annually
News

Masbate Mine Solar Shift to Save PHP 150M, Cut 8,500 Tons of CO₂ Annually

June 23, 2025
DMC Ensures Responsible Mining and Tree Replanting in Cagayan Valley
News

DMC Ensures Responsible Mining and Tree Replanting in Cagayan Valley

June 17, 2025
Lepanto Net Income Soars to PHP659 Million on Gold Output Growth, High Prices
News

Lepanto Net Income Soars to PHP659 Million on Gold Output Growth, High Prices

June 17, 2025

FEATURED POST

FNI registers Php 1.9B net income for 2021

PH Nickel Miner FNI Recognized for Legal Excellence in Asia

July 1, 2025
Cordillera Miners Urged to Halt Operations During Rains as Landslide Risks Rise

Cordillera Miners Urged to Halt Operations During Rains as Landslide Risks Rise

June 25, 2025
Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment

Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment

June 24, 2025
SMPC Earns Gold in FinanceAsia Awards for Outstanding Corporate Governance and Management

SMPC Earns Gold in FinanceAsia Awards for Outstanding Corporate Governance and Management

June 23, 2025

EDITOR PICK'S

PH Nickel Miner FNI Recognized for Legal Excellence in Asia

July 1, 2025

Cordillera Miners Urged to Halt Operations During Rains as Landslide Risks Rise

June 25, 2025

Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment

June 24, 2025

SMPC Earns Gold in FinanceAsia Awards for Outstanding Corporate Governance and Management

June 23, 2025

Responsible Mining Pays Off: Apex Mining Wins Regional Bronze for Best-Managed Company

June 23, 2025

Masbate Mine Solar Shift to Save PHP 150M, Cut 8,500 Tons of CO₂ Annually

June 23, 2025

DMC Ensures Responsible Mining and Tree Replanting in Cagayan Valley

June 17, 2025

Recent News

FNI registers Php 1.9B net income for 2021

PH Nickel Miner FNI Recognized for Legal Excellence in Asia

July 1, 2025
Cordillera Miners Urged to Halt Operations During Rains as Landslide Risks Rise

Cordillera Miners Urged to Halt Operations During Rains as Landslide Risks Rise

June 25, 2025

Category

  • Business
  • Features
  • News
  • Uncategorized

Follow us

  • Setup menu at Appearance » Menus and assign menu to Footer Navigation

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In