Some of the big mining companies who already passed the first round of government-led mining audit will not be off the hook in the second round of mining audit happening this year. In fact, the forthcoming audit, which is expected to start in a few weeks, is mostly going to be about them.
Environment Undersecretary for Mining Concerns Analiza Rebuelta-Teh said that as much as 17 mining companies will be reviewed in the second batch of Mining Industry Coordinating Council (MICC) audit. Of this, 12 mining companies already passed the audit carried by former Environment Secretary Regina Paz Lopez in 2016.
Based on the list obtained by Business Bulletin, the mining companies to be reviewed in the second round of audit include Philex Mining Corporation, Agata Mining Ventures, Inc., Rio Tuba Nickel Mining Corporation, SR Metals, Inc., Apex Mining Company, Cagdianao Mining Corporation, and Atlas Consolidated Mining and Development Corporation.
Other mining firms to be reviewed, which also passed the Lopez-led audit three years ago, are Century Peak Corporation – Rapid City Nickel and Casiguran Nickel Projects, Philsaga Mining Corporation, Pacific Nickel Philippines, Inc., Greenstone Resources Corporation., and Taganito Mining Corporation.
Aside from these firms, MICC will also review the operations of Platinum Group Metals Corporation, Filminera Resources Corporation, FCF Minerals Corporation, TechIron Resources, Inc., and Tribal Mining Corporation, Inc.
For the rest of this article: https://business.mb.com.ph/2019/05/02/govt-to-go-after-big-mining-firms-anew/