St Augustine Gold and Copper Ltd T.SAU

RE:RE:RE:Feasibilty study complete and approved for King King

[Hcgfllkp]

A Bankable Feasibility Study includes the economics, or not, of the mine. Roy Cimatu said to be approved, a Feasibility Study:

-should show that the cost to develop the mine can pay for all the costs related to the mining operation including operating cost, administration overhead, and milling cost if there is a processing plant, environmental cost, social development cost, and safety and health cost.

-should also have the financial capability to pay national and local taxes, royalties, local government fees, other national government fees, and interest and charges on loans.

-are also required to establish a progressive rehabilitation fund with a minimum amount of P5 million, as well as pay the mine waste and tailings fee based on the amount of tonnage of mine wastes and tailings that the company generates every semester.

https://www.denr.gov.ph/index.php/news-events/press-releases/2327-cimatu-assures-thorough-review-of-all-mining-applications-before-approval

singlefile wrote:
Look again... https://mgb.gov.ph/about-us/mandate-and-functions  - they are responsible for FINAL evaluation ... Mine Safety, Environment and Social Development Division. The Mine Safety, Environment and Social Development Division (MSESDD) shall conduct the final evaluation/review, audit of the implementation and Research and Development for the enhancement of programs on, promote best practices in and investigate incidents/complaints relating to mine safety and health, environmental management and social development.