Just to highlight an important section of the recent Didipio announcement :
COMMUNITY AND GOVERNMENT RELATIONS Management welcomes a speech by the Philippines Secretary of the Department of Environment and Natural Resources (DENR), Mr Ramon J.P. Paje, at the recent Asia Mining Congress in Singapore, where the Secretary stated that the Government would protect mining investments and remove unnecessary interferences.
In addition to many regular community, social and humanitarian programs in the local communities, OceanaGold recently signed a new Memorandum of Agreement (MOA) to establish an initial 50 hectare re- forestation project within the Municipality of Casaba in cooperation with the DENR and local communities. This re-forestation project is a direct response to the recent ?National Greening Program? that was launched across the country and is consistent with OceanaGold‟s commitment to re-forestation and sustainable mining, as demonstrated through previous environmental awards as well as the ongoing maintenance of the Didipio tree nursery.
As a part of OceanaGold‟s commitment to sustainable agriculture, the Company recently partnered with Nueva Vizcaya State University (NVSU) and the Didipio Community Development Association Inc (DCDAI) to plant 4000 tissue cultured lakatan banana plantlets. This pilot project aims to provide high-yield and disease resistant banana crops for the local communities which much like many other parts of northern Luzon, have seen their banana crop yields and fruit quality severely affected by disease.
My note : things appear to be progressing well in the Phillipines.
OGC Price at posting:
$2.33 Sentiment: Buy Disclosure: Held
