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

SMI faces petitions vs. Tampakan Contract

AngMinero News by AngMinero News
October 13, 2023
in Business, News
26 2
0
Sagittarius Mines says DOF chief has no financial interest in the company
84
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Amid Sagitarrius Mines Inc. (SMI)’s Tampakan mining project development, a group of Roman Catholic bishops from South Central Mindanao has filed a petition in Malacañang and the Department of Environment and Natural Resources (DENR) to declare illegal the contract extension granted to the mining firm.

In a report by the Philippine Daily Inquirer, The Legal Rights and Natural Resources Center (LRC) said that the prelates argued that the financial or technical assistance agreement (FTAA) extension in 2020 granted to SMI by DENR’s Mines and Geosciences Bureau was deemed unconstitutional.

The FTAA oversees mining activities entered by governments and firms for large-scale exploration, development, and utilization of certain minerals like gold, nickel, and copper, among others.

Most Rev. Cerilo Casicas, Bishop of the Diocese of Marbel, stated that the awarded stretch was beyond the authority of MGB. The agreement should be voided since it imposes a critical impact on the environment, he added.

Among those who signed the petitions are bishops representing communities that would be affected by the mining project including Most Rev. Angelito Lampon, archbishop of Cotabato; Most Rev. Jose Colin Bagaforo, bishop of the Diocese of Kidapawan; and Most Rev. Guillermo Afable, bishop of the Diocese of Digos.

Meanwhile, LRC’s Direct Legal Services Coordinator Lawyer Rolly Peoro said that the SMI should have executed consultations, environmental impact assessment, and other regulatory compliances for contract renewal, to ensure that its utilization is held accountable to the highest office, through rigorous regulatory scrutiny.

Last August, SMI announced that it intended to initiate Tampakan mining project operations by the fourth quarter of 2023 and that it had begun preconstruction activities.

Tags: denrdepartment of environment and natural resourcesFinancial or Technical Assistance Agreementillegal contract extensionLegal Rights and Natural Resources CenterminingSagitarrius Mines Inc.SMITampakan mining project

Related Posts

SM Investments weighing reduction or exit from Atlas Mining
News

SM Investments weighing reduction or exit from Atlas Mining

March 6, 2026
Nickel Asia earnings rise to PHP 6.27 billion in 2025
Business

Nickel Asia earnings rise to PHP 6.27 billion in 2025

February 27, 2026
Palawan students supported by Nickel Asia-linked school win medals in global math contest
News

Nickel Asia foundation brings surgical mission to Eastern Samar

February 25, 2026
Investors show interest in Philex’s Silangan mine ahead of 2026 launch
News

Philex posts PHP 1.071-B core net income for 2025

February 25, 2026
OceanaGold posts USD 438.8M revenue, declares USD 112M in 2025 dividends
News

OceanaGold posts USD 438.8M revenue, declares USD 112M in 2025 dividends

February 19, 2026
Makilala Mining advances Kalinga mining project, eyes Q2 funding
News

Makilala Mining advances Kalinga mining project, eyes Q2 funding

February 19, 2026

FEATURED POST

SM Investments weighing reduction or exit from Atlas Mining

SM Investments weighing reduction or exit from Atlas Mining

March 6, 2026
Nickel Asia earnings rise to PHP 6.27 billion in 2025

Nickel Asia earnings rise to PHP 6.27 billion in 2025

February 27, 2026
Palawan students supported by Nickel Asia-linked school win medals in global math contest

Nickel Asia foundation brings surgical mission to Eastern Samar

February 25, 2026
Investors show interest in Philex’s Silangan mine ahead of 2026 launch

Philex posts PHP 1.071-B core net income for 2025

February 25, 2026

EDITOR PICK'S

SM Investments weighing reduction or exit from Atlas Mining

March 6, 2026

Nickel Asia earnings rise to PHP 6.27 billion in 2025

February 27, 2026

Nickel Asia foundation brings surgical mission to Eastern Samar

February 25, 2026

Philex posts PHP 1.071-B core net income for 2025

February 25, 2026

OceanaGold posts USD 438.8M revenue, declares USD 112M in 2025 dividends

February 19, 2026

Makilala Mining advances Kalinga mining project, eyes Q2 funding

February 19, 2026

Operational complexity demands smarter study phases in mining —Ausenco’s Chris Pitman

February 19, 2026

Recent News

SM Investments weighing reduction or exit from Atlas Mining

SM Investments weighing reduction or exit from Atlas Mining

March 6, 2026
Nickel Asia earnings rise to PHP 6.27 billion in 2025

Nickel Asia earnings rise to PHP 6.27 billion in 2025

February 27, 2026

Category

  • Business
  • Features
  • News
  • Uncategorized

Follow us

  • Setup menu at Appearance » Menus and assign menu to Footer Navigation

© 2026 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2026 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