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Bullboard - Stock Discussion Forum St Augustine Gold and Copper Ltd T.SAU

Alternate Symbol(s):  RTLGF

St. Augustine Gold and Copper Limited is a Singapore-based mineral exploration company. The Company is focused on the King-King copper-gold project on the island Mindanao in the Philippines. The King-king tenement is comprised of 184 mining claims that are owned by Nationwide Development Corporation (NADECOR). The Project is a copper-gold mineral reserve located at Sitio Gumayan, Barangay King... see more

TSX:SAU - Post Discussion

St Augustine Gold and Copper Ltd > King King"s approval / Pros & Cons /why the delay?
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Post by singlefile on Jul 17, 2021 9:42am

King King"s approval / Pros & Cons /why the delay?

It's just a matter of timing and appeasing the Green Thumb Coalition(s) and the Vatican (see links below) - once we have them on board with the new mining standards were free to move forward IMO: 

EO 130 IRR ready for DENR chief signing


“[DOF’s suggestions and comments were] more of polishing the draft to be better understood,” Moncano said. “That is basically it.”

Among the salient features of the draft IRR would be the provision that lifted the nationwide ban on the open-pit mining method." 

Final Draft is comp[lete: "
Moncano told Business Bulletin that the final draft of the IRR basically has the same provisions as the first draft, but the Department of Finance (DOF) made suggestions on the final crafting of the draft.and this : "The final draft implementing rules and regulations (IRR) of Executive Order (EO) 130 is now awaiting the signature of Environment Secretary Roy Cimatu, according to Mines and Geosciences Bureau’s (MGB) top official."

President Duterte no longer needed for approval: "He also noted that the IRR no longer needs to be forwarded to Malacanang for President Duterte’s signature."

Past issues of original draft now resolved: "
Under the first draft of the three-page IRR, the government repealed, amended, and modified several department orders of the Department of Environment and Natural Resources (DENR) that were issued in the past."

What we're waiting on (Green Thumb Coalition / Vatican /other Green groups to be appeased) "Green Thumb Coalition convener and Alyansa Tigil Mina (ATM) National Coordinator Jaybee Garganera asked MGB why the engagement with LGUs and communities has been reduced to the drafting of the EIS report.

Leon Dulce, the National Coordinator for Kalikasan People’s Network for the Environment, likewise asked MGB how to ensure social acceptability given the said provision

And the Vatican's concernshttps://www.vaticannews.va/en/church/news/2021-05/philippines-bishop-pabillo-calls-for-renewed-mining-ban.html

https://mb.com.ph/2021/06/28/eo-130-irr-ready-for-denr-chief-signing/
Comment by rapid_fire_ on Jul 17, 2021 1:15pm
This post has been removed in accordance with Community Policy
Comment by singlefile on Jul 17, 2021 1:47pm
The maniac Rabid Liar / Rapid Fire is back again - people, I only ask that you read his last 5-10 posts to see how insane this man/person is. He continues to bury his own self in jibberish and childish rhetoric. Please get help Rabid Liar - you.ve officially lost your mind...again.
Comment by singlefile on Jul 17, 2021 1:55pm
I provide links to my theories - as all others do here. You, Rabid Liar / Rapid Fire provide made up  c rap about secret meetings then pretend you're a toy soldier hiding behing bushes in the Phillipines to garner top secret information about the government. What is your agenda here ? To scre w everyone over here ? .. missom accomplished. IDIOT You do nothing but hijack this board with ...more  
Comment by RealityCheck123 on Jul 17, 2021 2:57pm
You are very likely correct.  I remember rapid and besmartstaycalm from over 4-years ago!
Comment by rapid_fire_ on Jul 18, 2021 1:49am
This post has been removed in accordance with Community Policy
Comment by rapid_fire_ on Jul 18, 2021 1:47am
This post has been removed in accordance with Community Policy
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