See this report from BWorld.
The Philippines has an estimated $1 trillion worth of untapped mineral reserves. Data from the MGB show that, as of June 2016, 2.70% or 0.811 million hectares of the Philippines’ total land area is covered by mining tenements.
Sagittarius Mines, Inc.’s $5.9-billion Tampakan project is proposing an open pit method of extraction. Other projects such as Silangan Mindanao Mining Co., Inc.’s $32-million copper-gold project in Surigao del Norte and Kingking Mining’s $145-million copper-gold project in Compostela Valley — respectively expected to start operations in 2018 and 2020 — will also involve open-pit methods.
Other than the open pit stoppage, Mr. Heradez said the MGB is reviewing all of Ms.Lopez’s directives. “The goal is to determine if the directives were proper, appropriate, and relevant. After the review, the new secretary can revise, amend, or supersede [the orders],” the legal division chief said.
Good development. After almost a year with ex-Sec. Lopez at the DENR, MGB has become timid. Things have changed since Lopez was ousted by the CA.
The article was written by the way by Ms. Janina Lim, the lady BWorld reporter who was once berated by former DENR Sec. Gina Lopez as “You’re just a fucking employee” and attracted heavy criticism from social media and many reporters from other newspapers.