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Bullboard - Stock Discussion Forum 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... see more

TSX:SAU - Post Discussion

St Augustine Gold and Copper Ltd > Recap of the interview with Undersecretary Jonas Leones...
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Post by db2067 on Nov 01, 2021 10:40am

Recap of the interview with Undersecretary Jonas Leones...

Recap of the interview with Undersecretary Jonas Leones of the Department of Environment and Natural Resources (DENR)
https://news.tv5.com.ph/breaking/read/mining-applications-duterte-reverses-mining-ban-denr-assures-environment-protection-in-new-mining-projects
 
(November 1, 2021) – President Rodrigo Duterte is reversing a policy on banning open pit mining and would start awarding new minerals contracts to boost economic recovery after the economy plunged into recession due to strict lockdowns after the coronavirus outbreak.
 
But the government said the sudden change in the country’s mining policy will not result in massive environmental destruction, Undersecretary Jonas Leones of the Department of Environment and Natural Resources (DENR) said.
 
The late environment secretary, Regina Lopez, banned open pit mining in the country and cracked down on mines early in the Duterte administration, Leones said, adding the government has relaxed the rules and would award more minerals contracts. The country has the largest untapped mineral deposits, like the Tampakan copper and gold mines in Mindanao.
 
Miners in the past were not interested in investing in environmental compliance as it was costly, but mining chambers have been starting to set aside money on environmental protection recognizing that these initiatives will ultimately spur economic growth, he said...
Comment by biggerr on Nov 01, 2021 7:13pm
 In the past year this stock tripled and quadrupled twice already, in January and June - I so hope it does it again, hee
Comment by shawshank2 on Nov 01, 2021 8:00pm
In Dec 2020 I bought in at .06 and rode it to .20 and never sold...I'm smart
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