Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Didipio audit report finds miner complies with law

Tuesday 18 October 2016 03:40 PM

OceanaGold says Didipio audit report finds miner complies with law, must communicate more

By Jonathan Underhill

Oct. 18 (BusinessDesk) - Oceanagold Corp, the NZX-listed gold miner, says an audit of its Didipio mine by the Philippines' Department of Environment and Natural Resources (DENR) found it was in compliance with its permits but must do more to communicate with stakeholders.

Melbourne-based Oceanagold was among 23 mining companies named at a media conference given by DENR secretary Gina Lopez and head of mining audit Leo Jasareno last month that could have operations suspended because of outstanding social issues. Since then the company has said it's engaged in "constructive" dialogue after the Philippines government, including the DENR officials.

"The findings in the audit report relate mostly to a need to further educate a broader group of stakeholders on specific aspects of the operations," chief executive Mick Wilkes said in a statement. "The vast majority of recommendations relate to the need to further expand the company’s information, education and communication program." He said concerns raised at the DENR media conference last month "were not included as findings outlined in the audit report".

The company didn't release the report itself. Among the findings it did cite were "illegal artisanal small scale mining activities" in the Didipio area "that contribute to the degradation of the immediate environment and waterbodies" and a recommendation for government agencies to crack down on that.

Wilkes says the company has seven days to address the report's findings and recommendations. "I am very confident that our responses to the DENR will satisfy all of the findings and recommendations that have been raised," he said.

Lopez was quoted in the Philippines Star in August as saying she would look into complaints of several environmental groups regarding corrupt officials at DENR. Protesters had come from mining-affected communities including from the Nueva Vizcaya region where the Didipio Gold and Copper mine is located.

The company operates the Macraes and Reefton mines in the South Island. Last year it acquired the Waihi mine from Newmont Mining Corp and it is also developing the Haile mine in the US, where commercial production is slated to start in early 2017.

Shares in Oceanagold rose 7.2 percent to $4.19 and have gained 49 percent this year.



© Scoop Media

Business Headlines | Sci-Tech Headlines


ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>


Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>


Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>