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 News

Mining firms to undergo gov’t inspection

AngMinero News by AngMinero News
November 12, 2019
in News
26 2
0
Mining company offers pioneering onsite mining engineering program
84
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Mining firms and operations in the Philippines will undergo a strict three-month government audit to assess the environmental, economic, social, legal and technical aspects of the mining operations.

According to a Manila Bulletin report, Environment Undersecretary Analiza Rebuelta-Teh revealed that the second round of mining audit, led by the Mining Industry Coordinating Council (MICC), has already begun.

The MICC, co-chaired by Environment Secretary Roy Cimatu and Finance Secretary Carlos Dominguez III, started the audit with Apex Mining Corp’s mining operation in Compostella Valley. Next on the list would be the Atlas Consolidated Mining and Development Group.

For November, MICC hoped to cover big mining firms such as the Rio Tuba Nickel Mining Corp., Philex Mining Corp., Platinum Group Metals Corp., Taganito Mining Corp., Cagdianao Mining Corp., and Pacific Nickel Philippines Inc.’s operations in Surigao del Norte and Dinagat Islands.

For December, the audit will target the operations of TechIron Resources Inc., Filmera Resources Corp., FCF Minerals Corp., and Century Peak Corporation’s Rapid City Nickel and Casiguran Nickel Projects.

The last leg of the audit will cover the operations of Agata Mining Ventures, SR Metals, Inc., Philsaga Mining Corp., Greenstone Resources Corp., and Tribal Mining Corp.

According to the report, the Department of Environment and Natural Resources (DENR) and the Department of Finance (DOF) released P10-M each to conduct this survey. The inspections will last for three days, and the agency will need six months to assess and prepare the results that should be released by June 2020.

Mining firms in the Philippines, being one of the largest, untapped mineral reservoirs in the world, contributes 0.85 percent or P134.5-B to the country’s total gross domestic product (GDP) despite setbacks such as the imposed open-pit mining ban and the moratorium on new mining projects per Executive Order 79.

At present, there are only 48 metallic mines operating in the country – 30 of which are nickel, eight are gold, three are copper mines, three are chromite mines, and the remaining four are iron mines. Additionally, 26 of these companies have had overlapping reviews over the previous years.

Global Ferronickel Holdings Inc. President Dante Bravo said that the industry undergoing “too much audit” is now the new normal, and mining companies have to undergo three or more audits annually.

Apart from the inspections the MICC conducts regularly, the DENR also conducts two separate audits – one led by the central office and the other led by the regional office – all the while local government units and host barangays also require firms to present annual reports on their operations.

Tags: Department of Environment and National ResourcesDOEMICCmining industry coordinating council

Related Posts

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
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

FEATURED POST

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

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

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

June 23, 2025

EDITOR PICK'S

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

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

Recent News

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

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