OceanaGold to resume mining operations in Vizcaya
Tuguegarao City, Cagayan- the Philippine government renewed the financial or technical assistance agreement (FTAA) of OceanaGold Philippines Corporation in Didipio, Kasibu, Nueva Vizcaya.
The FTAA was renewed retroactively from June 19, 2019 until 2044 with unchanged financial terms and conditions.
OceanaGold said in a statement, “The Company’s first operational priority is the rehiring and training of its Philippine workforce, which will include a focus on safeguarding workers from the current risks associated with COVID-19.”
It aims to restarts its operation “as soon as possible,” it will initially resume with the milling of stockpiled ore of about 19 million tonnes.