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

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
OGPI Strengthens Local Ties with PHP48.5M Remittance to Nueva Vizcaya
News

OceanaGold Allocates PHP280 Million for Exploration in Didipio Area

June 17, 2025
PNIA seeks to join int’l industry group
News

PNIA Welcomes Removal of Ore Export Ban in Final Mining Fiscal Reform Bill

June 17, 2025
Senate Ratifies Fiscal Reform Bill for Large-Scale Metallic Mining
News

Senate Ratifies Fiscal Reform Bill for Large-Scale Metallic Mining

June 17, 2025
Semirara Mining sees improved earnings in H2 amid stable coal prices
News

SMPC Secures Amended ECC for Semirara Coal Mine Expansion

June 13, 2025

FEATURED POST

DMC Ensures Responsible Mining and Tree Replanting in Cagayan Valley

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

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

June 17, 2025
OGPI Strengthens Local Ties with PHP48.5M Remittance to Nueva Vizcaya

OceanaGold Allocates PHP280 Million for Exploration in Didipio Area

June 17, 2025
PNIA seeks to join int’l industry group

PNIA Welcomes Removal of Ore Export Ban in Final Mining Fiscal Reform Bill

June 17, 2025

EDITOR PICK'S

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

June 17, 2025

OceanaGold Allocates PHP280 Million for Exploration in Didipio Area

June 17, 2025

PNIA Welcomes Removal of Ore Export Ban in Final Mining Fiscal Reform Bill

June 17, 2025

Senate Ratifies Fiscal Reform Bill for Large-Scale Metallic Mining

June 17, 2025

SMPC Secures Amended ECC for Semirara Coal Mine Expansion

June 13, 2025

Australian Mining Delegation to Visit Philippines in Late 2025 Amid Renewed Sector Interest

June 11, 2025

Recent News

DMC Ensures Responsible Mining and Tree Replanting in Cagayan Valley

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

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

June 17, 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