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RIZAL RESOURCES CORPORATION V.RZL


Primary Symbol: V.RZL.H

Rizal Resources Corp is engaged in the exploration of natural resource properties located in the Philippines. Its properties include T'Boli Gold Mine Project, Batoto Gold Project, and Comval Copper-Gold Project. It operates through resource property exploration segment. It is focused on the development, exploration and production activities at the T'Boli gold-silver mine. Its material mineral properties are the T'Boli gold-silver deposit, the Batoto-Tarale gold prospect, and the Comval...


TSXV:RZL.H - Post by User

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Comment by Tbolion Apr 03, 2011 12:09am
539 Views
Post# 18378379

RE: RE: 3 DEAD & Several Missing

RE: RE: 3 DEAD & Several Missing

T’boli mining project lacks gov’t permits

Email the EditorPrint
KORONADAL — A foreign-backed mining firm is set to start gold andsilver production in T’boli, South Cotabato this month, withChinese-made equipment beefing up its processing plant.

However, the regional Mines and Geosciences Bureau (MGB) office heresaid the T’boli project pursued by Tribal Mining Corp. and Canadian firmCadan Resources Corp. has yet to obtain the clearance needed to startthe production phase.

“They have not even submitted their feasibility study for the approvalof our agency, which would allow them to go into production stage," saidConstancio A. Paye, Jr., MGB Central Mindanao director.

The proponents also need to attach the environmental compliancecertificate (ECC) given by the Environmental Management Bureau (EMB) toits feasibility study before they are given the go-signal to startproduction, the official added.

Datu Tungko M. Saikol, regional EMB director, said in a separateinterview that his office has not issued an ECC for the T’boli silverand gold project. In a disclosure to the Toronto Stock Exchange datedDec. 29, Cadan Resources said it was progressing from an explorer intoan emerging gold-silver producer through the T’boli mine.
After last wednesday landslide that lost the lifes of 3 miners, This mining Company is loosing all rites to the 81 hect claim that they think they control, with the latest mining mishap from TMC Management , of short-cutting the Ground supports leading to this mining mishap, The EMB will look into the locals concern of foreign mining practices



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