RTG Mining Inc making strong progress at its Philippines copper-gold project proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.
Editorial
On April 14, President Rodrigo Duterte signed an order lifting a moratorium on new
mining permits in place since 2012. The order references the need for new growth to
support an equitable economy and help the “underprivileged”, as well as to
supply raw materials for the government’s Build, Build, Build infrastructure
plan.
The Philippines is a major exporter of
copper and gold and in 2020 became the number one exporter of nickel ore to
China, after Indonesia imposed a ban on raw mineral exports last January.
The Chamber of Mines of the Philippines
said that removing the ban “will help
bring the Philippines back on the investment map,” though the mining
Press release content from Accesswire. The AP news staff was not involved in its creation.
Philippines Lifts 9 Year Ban On New Mining Deals
April 16, 2021 GMT
Not for release to US wire services or distribution in the United StatesANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE AND AUSTRALIAN SECURITIES EXCHANGESUBIACO, WESTERN AUSTRALIA / ACCESSWIRE / April 16, 2021 / RTG Mining Inc. ( RTG , the Company ) .
Not for release to US wire services or distribution in the United StatesANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE AND AUSTRALIAN SECURITIES EXCHANGESUBIACO, WESTERN AUSTRALIA / ACCESSWIRE / April 16, 2021 / RTG Mining Inc. ( RTG , the Company ) .
Not for release to US wire services or distribution in the United States
RTG Mining Inc welcomes Philippines move to lift nine year ban on new mining deals proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.
RTG Mining Inc.: Philippines Lifts 9 Year Ban On New Mining Deals
ANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE AND AUSTRALIAN SECURITIES EXCHANGE
SUBIACO, WESTERN AUSTRALIA / ACCESSWIRE
/ April 16, 2021 / RTG Mining Inc. ( RTG , the Company )
(TSX:RTG)(ASX:RTG) is pleased to announce that President Duterte has signed Executive Order 130 which lifts the nine-year ban on granting new mining agreements to stimulate economic growth in the country including increased employment opportunities in remote rural areas (such as the Municipality of Labo in the Province of Camarines Norte, where the Mabilo Project is located).
Mt. Labo Exploration and Development Corporation owns the high grade new development copper-gold project, the Mabilo Project, which is permitted to proceed to development and operation. Mt. Labo is pleased with the show of support by the President and his Administration for the mining industry, with a clear message that mining, where done in full compliance with the Ph