Gold Mining: Why it should be banned in the Philippines? Gold mining in the Philippines can be traced hundreds of years back before the colonizers came to the country. As early as 1521, our ancestors were already panning gold and have decorated themselves with gold accessories. As years passed, the growth of the mining industry has increased. In 1995, Philippine Mining Act was passed which the government allowed foreign companies to fully operate in the country; it created backlash from Filipinos
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INITIATIVES TO REVITALIZE THE PHILIPPINE MINING INDUSTRY HORACIO C. RAMOS Director MINES AND GEOSCIENCES BUREAU Department of Environment and Natural Resources Republic of the Philippines September 2009, Manila Copper Gold Nickel Chromite Polymetallic Processing Plant OPERATING MINES 7 Major Mines: Masbate Gold Operation of Filminera Lepanto’s Victoria and Teresa Gold Mines Philex’s Padcal Copper Mine Rapu-rapu Polymetallic Project. Banahaw Gold Project, Philsaga Mining Corp. Carmen Copper Project
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the Philippines’ Mining Potential Given the country’s mineral wealth, the mining industry can be a key driver of economic growth. However, the industry is hounded by various issues and challenges. These include the social and environmental costs, a revenue sharing agreement that is seen as unfair and inequitable, the overlapping and weak enforcement of mining laws, and other problems relating to the mining sector. Unless these are addressed through a clear, consistent and competitive mining policy
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MINING I INTRODUCTION Brief Historical Background Digging deep into history, mining in the Philippines is one of the oldest industries in the country. Gold mining in Luzon started even in the 3rd century as reported by the Chinese merchants. Before the advent of the Spanish rule, metals—primarily gold—played an important role in shaping traditions and rituals, in indigenizing certain features of Filipino beliefs, and in developing patterns of wealth, power and authority during the period.
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‘Illegal’ gold mining in Leyte, Philippines Monday, Jan 16, 2012 TACLOBAN CITY-The Mines and Geosciences Bureau (MGB) in Eastern Visayas is investigating the reported illegal gold mining activities in Southern Leyte and in Eastern Samar. MGB Regional Director Roger De Dios said they have to look into these illegal mining activities as these could trigger landslides just like what happened in Compostela Valley province. De Dios said a report received by his office showed there were illegal gold mining
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world’s smallest republic with 21 sq. kilometers of land, is a phosphate rock island with rich deposits near the surface that allows easy strip mining operations. Nauruans enjoyed strip mining for a century as it made them among the richest people in the world. Billions of dollars worth of phosphates had been exported. The damage to their environment due to mining was so severe. The rehabilitation of the devastated land and the replacement of income from phosphate are serious long-term problems. Since
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APEX MINING CO., INC. May 2, 2011 PHILIPPINE STOCK EXCHANGE, INC. Disclosure Department Tower One and Exchange Plaza Ayala Triangle, Ayala Avenue Makati City Attention: Ms. Janet Encarnacion Head, Disclosure Dept. Dear Ms. Encarnacion: We are submitting herewith SEC Form 17-A for the year ended December 31, 2010. Very truly yours, ROSANNA A. PARICA Corporate Information Officer Head Office: Unit 1704 17th Floor, Prestige Tower Condominium, F. Ortigas Jr. Road, Ortigas Center , Pasig
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alternative risk-reduction measures; selection of appropriate risk reduction schemes. » Rapu Rapu Copper – Gold Project, Construction of the Tailing Storage Facility of the Lafayette Philippines, Inc. in Rapu Rapu Island, Albay. Scope of work included planning, design, construction supervision, quality control and monitoring of the repair and improvement of the tailings storage dam for the mining company; design of dam safety monitoring system. » JBIC Technical Assistance Study for Improving the Operation
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Barrack Gold Corporation Introduction The following essay focuses on the mining conglomerate Barrick Gold Corporation. Barrick owns gold and copper mines across Australia, Africa, and the Americas and these geographical locations provide the focus of the essay’s Macroenviromental analysis. The gold is sold to various gold bullion dealers at market prices whereas copper is sold to copper product manufacturers and copper traders in Europe, North America, South America and Asia (BarrickResponsibilty
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the country but some could cause even more harm. Principle among these is gold mining. El Salvador has vast deposits of gold in their soil. However, in March of 2017 “Lawmakers in El Salvador voted overwhelmingly ...to prohibit all mining for gold and other metals, making the country the first in the world to impose a nationwide ban on metal mining” (NYT Anti Gold). So the question is, should El Salvador consider gold mining as an improvement that could help the country or would it just create more
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