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

AngMinero News by AngMinero News
May 29, 2025
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OGPI Strengthens Local Ties with PHP48.5M Remittance to Nueva Vizcaya
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As reported on the Nueva Vizcaya’s government website, OceanaGold Philippines Inc. (OGPI), operator of the Didipio gold and copper mine, has remitted PHP48.5 million to the Provincial Government of Nueva Vizcaya—a move hailed by local officials as a sign of the mining company’s commitment to responsible and sustainable operations.

The remittance, coursed through the provincial treasury office, represents OGPI’s financial obligation under its Financial or Technical Assistance Agreement (FTAA). It is intended to support local development efforts, infrastructure projects, and environmental programs in the province.

Nueva Vizcaya Governor Jose V. Gambito welcomed the contribution, noting that it affirms OGPI’s role as more than just an economic stakeholder. “We view this not only as a legal compliance, but as a significant gesture of goodwill and corporate responsibility that benefits our people directly,” he said.

According to provincial officials, the funds will help finance community-centric programs, which includes everything from educational support, healthcare services, to renewable energy infrastructure in rural barangays. It is part of the wider revenue-sharing framework established by the FTAA, under which a portion of the mining revenues is allocated to host communities and local governments.

OGPI has consistently positioned itself as a proponent of sustainable mining practices, integrating social development and environmental stewardship into its operational model. In recent years, the company has launched other livelihood programs, invested in reforestation efforts, and provided skills training to local residents in Nueva Vizcaya and neighboring provinces. The remittance to the provincial government is a symbol of OGPI’s continued support for inclusive growth and local empowerment through responsible resource development.

Despite longstanding debates surrounding large-scale mining in the region, OGPI’s engagement with local stakeholders appears to have evolved toward a more collaborative model, emphasizing transparency and social responsibility. The latest remittance adds to the nearly PHP400 million in taxes and fees that OGPI has turned over to various local government units and national agencies in the past year.

As pressure mounts on the mining sector to prove its long-term value beyond extraction, OGPI’s latest remittance may serve as a benchmark for how companies can align profitability with sustainable development and social impact.

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Tags: corporate social responsibility miningNueva Vizcaya mining revenueoceanagold philippinesOGPI remittance 2025sustainable mining Philippines

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