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60% local ownership requirements by Philippines

  1. baystock
    4 Posts.
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    21/09/21
    09:22
    Post #: 56225879
    From the latest RTG presentation:

    -The Philippines requires 60% ownership by local Filipinos in companies that hold an exploration licence
    -The investment in the Philippines is held through a 40% indirect investment in Mt. LaboExploration and Development Corporation
    -Once a Mining Permit is issued, typically mining operations are run though two local companies: a mining company which mines the ore and sells the ore to a second production company
    -The production company processes the ore. Processing is not a nationalisedindustryMabiloProject Ownership Structure32

    What are the implications of the above in light of RTG wining the Singapore arbitration ? After wining the litigation RTG owns 100% of Mabilo. Do they need to find a local partner for 60%. Could this be what is holding up developing Mabilo ?

    RTG Price at posting: 12.5¢ Sentiment: Buy Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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