lost appeal it seems , CA denies OceanaGold’s appeal to operbut already older news ( 2 weeks plus ), seems the court waited to rule until the 1 year expiry, which makes the filipines a banana republic.
link to article BAYOMBONG, Nueva Vizcaya: The Court of Appeals (CA) has denied OceanaGold Corp.’s petition to continue its mining operations at the Didipio Mines in Kasibu town here.
The CA 16th division said in a June 30 decision, a copy of which was received by the provincial government here, said OceanaGold’s financial and technical assistance agreement (FTAA) has expired and thus the company has no right to continue operating the Didipio Mine.
A national government project, the Didipio Mine’s 25-year FTAA was the company’s mining license agreement with the Philippine government signed in 1994. It initially covered an area of approximately 37,000 hectares located within the provinces of Nueva Vizcaya and Quirino. It was later reduced to 10,266 hectares.
OceanaGold’s FTAA’s effective date was June 20, 1994 and the initial term of the agreement ended on June 20, 2019.
“Since the initial term of the FTAA already expired without it being renewed yet, there is no prevailing agreement on which the petitioner can anchor its right to continue its mining operations,” the CA decision stated.
As soon as the FTAA expired on June 10 of last year, Gov. Carlos Padilla issued an advisory that led Barangay Didipio officials to issue Resolution 59, stopping OceanaGold’s operations.
OceanaGold sought judicial recourse with the Regional Trial Court, which the latter denied the company’s application for injunctive relief.