Given the past issues raised with this mining operation by locals and others and the way the govnut has handled matters its unlikely that the renewal will be a simple process. Hopefully at worst there is just some sort of monetary penalty that OGC has to face, otherwise its going to be very ugly for the share price.
This could have repercussions for other miners in the Philippines such as MML, in which I own shares.
I was not expecting any problems from Dipidio but I noticed that more of the economic returns from the mine would in future be shared with the govt, in addition to a lot of future capex across the company's operations, so I decided to stay away.
All the best to shareholders.
loki
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