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Bullboard - Stock Discussion Forum St Augustine Gold and Copper Ltd T.SAU

Alternate Symbol(s):  RTLGF

Metals & Mining Gold
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... see more

TSX:SAU - Post Discussion

St Augustine Gold and Copper Ltd > DENR reopens Benguet Corp’s nickel mine in Zambales
View:
Post by db2067 on Jan 02, 2021 12:09pm

DENR reopens Benguet Corp’s nickel mine in Zambales

More reopenings to follow... 

https://bilyonaryo.com.ph/2020/10/31/denr-reopens-benguet-corps-nickel-mine-in-zambales-nearly-3-years-after-the-late-gina-lopez-shut-it-down/
 
BC disclosed that its wholly-owned subsidiary, BenguetCorp Nickel Mines Inc., has been informed that the DENR has lifted the cancellation order against its 25-year Mineral Production Sharing Agreement (MPSA) issued by then Secretary Gina Lopez in February 2017, as well as mining suspension order issued by the Mines and Geosciences Bureau in June 2015.
 
The nickel mine paid P257 million in excise taxes and P595 million in royalty payments from 2010 to 2017.
Comment by Twocommas on Jan 02, 2021 2:07pm
Is this old news?
Comment by db2067 on Jan 02, 2021 2:11pm
It is from Oct 31, 2020, I missed it originally and just saw it now while researching some stocks. The good thing about it is the DENR removed the ban directly themselves. 
St Augustine Gold and Copper Ltd