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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 approximately 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-king, Municipality of Pantukan, Davao de Oro, on Mindanao Island, Philippines. Its deposit is a porphyry copper-gold deposit hosted primarily by porphyritic hornblende diorites, submarine volcanic rocks, and volcanoclastic sediments. The sulfide copper mineralization in the King-king deposit consists of chalcopyrite and bornite, with lesser amounts of chalcocite, digenite, and covellite.


TSX:SAU - Post by User

Post by WarrenGLDon Dec 24, 2020 2:21am
264 Views
Post# 32175896

Philippine Mining needs Policy lift: BusinessMirror Dec 24

Philippine Mining needs Policy lift: BusinessMirror Dec 24https://businessmirror.com.ph/2020/12/24/mining-needs-policy-lift-as-nickel-boom-seen-in-focus-on-re-e-vehicles/ By BusinessMirror December 24, 2020 ""First, Salceda said, Clarity in its mining policies will be of the utmost importance. THE Chairman of the House Committee on Ways and Means has called for clarity in the countrys mining policies and laws that encourage domestic value-added as nickel is poised to create 1.3 million jobsa key driver of economic recovery post-Covid pandemic. In a policy outline titled, The Future in Nickel, Albay Rep. Joey Sarte Salceda underscored the countrys prospects as a top base and source for renewable energy and electric vehicle manufacturing. According to Salceda, the Philippines could become a world power in renewable energy and electric cars. .. 5 requirements Salceda, meanwhile, listed five key policy requirements needed to induce a boom in the countrys nickel sector. First, Salceda said, Clarity in its mining policies will be of the utmost importance. He explained: By enacting a fiscal regime on mining, the country will be able to negotiate new, more responsible mining agreements that can keep its nickel supply sustainable. Passing HB 6135, or the Fiscal Regime for the Mining Industry, should be a national priority. Salceda added that the House is likely to pass its version of the fiscal regime on mining, which will then open the door to new mineral agreements, when session resumes early next year. Also, he said sustainable public finance policies should be in place with the setting up of the Mineral Resources Trust Fund in HB 6135.
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