RE:RE:Reminder to psych01 and Esther1Well, no wonder OGC is looking like a confused company and its share price is tumbling. Whoever wrote that response forgot to read the company's website before doing so.
From the link on OceanaGold's website under
(first), Didipio Mine, then (second), Financial or Technical Assistance Agreement:
"The FTAA does not award the company ownership of any mineral resources, rather, under this arrangement OceanaGold is essentially a contractor of the Republic of the Philippines and the mine is a national asset."
The 'title' that OceanaGold owns is the title to a mining operation.
The Didipio mine is not a wholly owned asset of OceanaGold.
As I previously wrote, Duterte hasn't kicked OceanaGold out because 1) the company is still paying workers, thereby, getting free welfare benefits that Duterte's government doesn't have to supply (so far); 2) the company is preserving the mine by preventing flooding of the operation at no expense to the government; and 3) I don't think any other mining company is interested at this time in getting in bed with Duterte to operate Didipio.