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OceanaGold Corp T.OGC

Alternate Symbol(s):  OCANF

OceanaGold Corporation is an intermediate gold and copper producer. It has a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand. The gold, copper, and silver it produces are essential to the renewable energy and transport sectors, life-saving medical devices and technology which connects communities around the world. The Didipio gold and copper mine is in Luzon, Philippines. It produces gold and silver as dore bars and copper in concentrate. The Macraes Operation on the South Island of New Zealand is an active gold producing mine. The operation includes a large-scale surface mine, an underground mine, and an adjacent process plant inclusive of an autoclave for pressure oxidation of the ore. Its Waihi Operation in the North Island of New Zealand is an underground operation. The Haile Gold Mine, located in Kershaw, South Carolina, is a gold mine on the East Coast.


TSX:OGC - Post by User

Bullboard Posts
Comment by yogi33on Oct 13, 2020 10:20am
117 Views
Post# 31706656

RE:RE:RE:RE:RE:Cash smash

RE:RE:RE:RE:RE:Cash smash

From the Maila Standard this morning...An environmental group on Monday recommended that the Philippine government should acquire a Australian-Canadian mining firm’s mined copper minerals in Nueva Vizcaya and utilize it to fund the country’s coronavirus (COVID-19) response.

Kalikasan People’s Network for the Environment demanded that OceanaGold’s property and facilities should be returned to the people and the government.

It is a move that should have done since the termination of the Financial or Technical Assistance Agreement (FTAA) that has already expired for more than a year, Kalikasan national coordinator Leon Dulce stressed.

“They must at once close shop and implement rehabilitation to all the areas they have damaged,” he added.

The FTAA is a contract between the Philippine government and a local or foreign mining company for the large-scale exploration, development, and utilization of mineral resources. 

OceanaGold’s FTAA expired last June 20, 2019 after its 25 years of operation in Nueva Vizcaya.

Kalikasan pointed out that people’s organizations and barangay officials of Barangay Didipio, the mine’s host community, have long been opposing the Australian-Canadian mine that has caused depletion of the community’s water resources and agricultural yield, among other rights violations. They strongly opposed the mine’s request for an ore transport permit.

“OceanaGold’s request to transport copper concentrate is a clear indication that they are still operating despite the lack of an existing contract. This clear violation of the law must be investigated by the Mines and Geosciences Bureau,” Dulce added.

The group also called for the return of the indigenous people’s lands, pointing out the need to restore forests and agricultural lands to be once again a source of their sustenance to help them recover in the middle of the pandemic.

“The Philippine government must decisively stand with the Filipino people. Foreign large-scale mining is not the solution to the economic and health crisis we are facing. In fact, the destruction of the environment will only further our vulnerability from infectious diseases such as COVID-19. We urge President Duterte to immediately reject OceanaGold’s FTAA renewal,” he said.

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