With this lifting of the open pit ban it now gives many projects...

With this lifting of the open pit ban it now gives many projects in the Philippines a better chance of getting backers and the big money needed.
The SS on MCB for sure needs reworking as it only proposes to extract 12% of the resource and this scale of the operation was not liked by share holders as the price tumbled after the announcement.
It was first said that the SS would look at a large scale block caving operation. Instead it came out with a small scale open stoping method with paste back fill.
One problem with many big mines in countries such as the Philippines is where to put the tailings the possibility of deep sea placement could be the answer as the water depth in the oceans either side far exceed the required depths with water on the east over 3000m deep.
Many mines use this method today and will be more in the future due to several tailings dam failures including several in the Philippines one with 28 mt of tailings ending up in a river system.
The Didipio Mine which the new CLA MD developed for Climax is a very neat and tidy looking operation that has been in operation a long time now and getting the guy that created that is a very positive move for CLA.