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OceanaGold Philippines’ Didipio gold and copper mine in Kasibu, Nueva Vizcaya. PHOTO FROM OCEANAGOLD
OGPI has been contracted by the national government to operate the Didipio Gold and Copper Project in Kasibu town while FCF was also contracted to operate the Runruno Gold-Molybdenum Project in Quezon town, both under a 25-year Financial and Technical Assistance Agreement (FTAA).
Due to the June 10, 2019 expiration of the initial validity of the 25-year FTAA, OGPI has suspended the company’s operation for more than a year now and has been working with the national government for its renewal possibly for another 25 years.
Padilla appealed to Malacañang, following Duterte’s instructions to the Department of Environment and Natural Resources and the Department of Finance to renegotiate and finalize the renewal of OGPI’s FTAA.