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

Philex Mining Posts PHP301M Net Income in H1 2025, Eyes Silangan Launch by 2026
News

Philex Mining Posts PHP301M Net Income in H1 2025, Eyes Silangan Launch by 2026

August 5, 2025
SMPC profit drops 33% in Q2 amid lower coal, power prices
News

SMPC profit drops 33% in Q2 amid lower coal, power prices

August 4, 2025
Cebu Governor Suspends 19 Quarry Operators for Permit, Cites Environmental Violations
News

Cebu Governor Suspends 19 Quarry Operators for Permit, Cites Environmental Violations

August 4, 2025
MAP President Alfredo Panlilio Joins Marcventures Board as Independent Director
News

MAP President Alfredo Panlilio Joins Marcventures Board as Independent Director

July 30, 2025
DENR-12 Cracks Down on Illegal Gold Mines in Sultan Kudarat
News

DENR-12 Cracks Down on Illegal Gold Mines in Sultan Kudarat

July 30, 2025
PHP 67M Reforestation by 4 Mining Firms Transforms Cagayan Valley
News

PHP 67M Reforestation by 4 Mining Firms Transforms Cagayan Valley

July 24, 2025

FEATURED POST

Philex Mining Posts PHP301M Net Income in H1 2025, Eyes Silangan Launch by 2026

Philex Mining Posts PHP301M Net Income in H1 2025, Eyes Silangan Launch by 2026

August 5, 2025
SMPC profit drops 33% in Q2 amid lower coal, power prices

SMPC profit drops 33% in Q2 amid lower coal, power prices

August 4, 2025
Cebu Governor Suspends 19 Quarry Operators for Permit, Cites Environmental Violations

Cebu Governor Suspends 19 Quarry Operators for Permit, Cites Environmental Violations

August 4, 2025
MAP President Alfredo Panlilio Joins Marcventures Board as Independent Director

MAP President Alfredo Panlilio Joins Marcventures Board as Independent Director

July 30, 2025

EDITOR PICK'S

Philex Mining Posts PHP301M Net Income in H1 2025, Eyes Silangan Launch by 2026

August 5, 2025

SMPC profit drops 33% in Q2 amid lower coal, power prices

August 4, 2025

Cebu Governor Suspends 19 Quarry Operators for Permit, Cites Environmental Violations

August 4, 2025

MAP President Alfredo Panlilio Joins Marcventures Board as Independent Director

July 30, 2025

DENR-12 Cracks Down on Illegal Gold Mines in Sultan Kudarat

July 30, 2025

PHP 67M Reforestation by 4 Mining Firms Transforms Cagayan Valley

July 24, 2025

Itogon Residents File Lawsuit to Stop Nickel Mining Project

July 24, 2025

Recent News

Philex Mining Posts PHP301M Net Income in H1 2025, Eyes Silangan Launch by 2026

Philex Mining Posts PHP301M Net Income in H1 2025, Eyes Silangan Launch by 2026

August 5, 2025
SMPC profit drops 33% in Q2 amid lower coal, power prices

SMPC profit drops 33% in Q2 amid lower coal, power prices

August 4, 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