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IN a significant blow for local entrepreneurship in the Municipality of Libjo, the Department of Trade and Industry-Province of Dinagat Islands, in partnership with Libjo Mining Corp., Department of Public Works and Highways-Province of Dinagat Islands, and the Local Government Unit headed by Hon. Melody Llamera-Compasivo, proudly inaugurated the first… ....
MGB Director Wilfredo Moncano (Photo credit: https://region1.mgb.gov.ph/) Mines and Geosciences Bureau (MGB) Director Wilfredo Moncano told Business Bulletin that discussions on this matter already concluded and that the new FTAA now awaits the signature of Environment Secretary Roy Cimatu. After that, the FTAA will be forwarded to the Office of the President (OP) for President Rodrigo Duterte’s signature. FTAA is a contract that allows a foreign-owned mining firm to operate in the Philippines as well as explore and utilize the country’s mineral resources. The deal also gives the government a pre-determined share in the mining project. ....