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

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

AngMinero News by AngMinero News
May 29, 2025
in News
27 1
0
OGPI Strengthens Local Ties with PHP48.5M Remittance to Nueva Vizcaya
84
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

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.

Follow Ang Minero on Facebook and LinkedIn for more updates.

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

Related Posts

Nickel Asia Net Income Jumps 88% to PHP2.1B on Strong Ore Prices
News

Nickel Asia Net Income Jumps 88% to PHP2.1B on Strong Ore Prices

August 7, 2025
Dinapigue Youth Leaders Push Sustainability Agenda with Nickel Asia Subsidiary
News

Dinapigue Youth Leaders Push Sustainability Agenda with Nickel Asia Subsidiary

August 5, 2025
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

FEATURED POST

Nickel Asia Net Income Jumps 88% to PHP2.1B on Strong Ore Prices

Nickel Asia Net Income Jumps 88% to PHP2.1B on Strong Ore Prices

August 7, 2025
Dinapigue Youth Leaders Push Sustainability Agenda with Nickel Asia Subsidiary

Dinapigue Youth Leaders Push Sustainability Agenda with Nickel Asia Subsidiary

August 5, 2025
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

EDITOR PICK'S

Nickel Asia Net Income Jumps 88% to PHP2.1B on Strong Ore Prices

August 7, 2025

Dinapigue Youth Leaders Push Sustainability Agenda with Nickel Asia Subsidiary

August 5, 2025

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

Recent News

Nickel Asia Net Income Jumps 88% to PHP2.1B on Strong Ore Prices

Nickel Asia Net Income Jumps 88% to PHP2.1B on Strong Ore Prices

August 7, 2025
Dinapigue Youth Leaders Push Sustainability Agenda with Nickel Asia Subsidiary

Dinapigue Youth Leaders Push Sustainability Agenda with Nickel Asia Subsidiary

August 5, 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