St Augustine Gold and Copper Ltd T.SAU

Hanging In!

[Bandmanblues]

I think we will win in the long run but let's hear what Reality Check has to say?

Kingking Mining Project

Yesterday at 2:38 PM  · 

 

It was more than a year ago since the Duterte Administration pronounced for the first time that it wants to gain more out of the mining industry, something that was highly improbable then, until Executive Order (EO) 130 was issued six months ago.

It turns out that the government is serious – it really wants to gain something out of the mining industry, and as of now, it is already getting there.

To be specific, nickel ore production volume went up by 39 percent from 109,471 metric tons (MT) to 151,646 MT during the period, while the production volume of the yellow metal inched up by three percent from 8,257 kilograms to 8,545 kilograms.

This is not to say that the mining sector’s positive first-half performance has something to do with the issuance of EO 130, but it’s notable how the sector, despite the pandemic and being largely scrutinized by a lot of people, including the government itself, is really having its momentum now.