INQUIRER.net: MGB eyes bidding of Surigao mining asset

INQUIRER.net Philippine News for Filipinos

MGB eyes bidding of Surigao mining asset Jan 1st 2013, 21:18 MANILA, Philippines—A gold-rich area in Surigao del Norte may soon be up for bidding, according to the Mines and Geosciences Bureau (MGB). This, if the company formerly in charge of exploration loses its hold on the asset.   "The initial period for exploration is only 10 years. San Manuel Mining Corp. (SMMC), the company that used to explore the area, has had enough time," MGB director Leo Jasareno told reporters.   Jasareno said the company might still appeal the MGB's decision to deny its application for further exploration. "SMMC can take up the matter with higher authorities," he said, referring to the Department of Environment and Natural Resources ... Keep on reading: MGB eyes bidding of Surigao mining asset Media files: Mines-and-Geosciences-Bureau.jpg (image/jpeg)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions