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The Philippines … not the best place to be a gold miner

Posted by ipso facto @ 9:16 on September 13, 2019  

OceanaGold Corporation – Philippines Court of Appeals Sets Hearing Date for Injunction

MELBOURNE, Sept. 13, 2019 /CNW/ – OceanaGold Corporation ( TSX: OGC ) ( ASX:
OGC ) (“the Company”) informs the Philippines Court of Appeals in Manila (the
Court) has set Wednesday 18 September 2019 as the hearing date for the
Company’s application for a Writ of Preliminary Injunction (“Injunction”) as
part of the Company’s appeal against the Nueva Vizcaya Provincial Court ruling
denying its request to end the unlawful restraint of operations.

Since 1 July 2019, local government units from the Province of Nueva Vizcaya
have impeded access to and from the mine site in response to an unlawful
directive from the Governor to ‘restrain any operations’ of the Company. The
Company maintains the regulatory authority over the Didipio Mine rests with
the National Government. The Local Government Code of 1991 (Republic Act No.
7160) does not grant the power or authority to the Provincial Governor or any
local government officer to restrain any aspect of the Didipio operation.

more https://www.bloomberg.com/press-releases/2019-09-13/oceanagold-corporation-philippines-court-of-appeals-sets-hearing-date-for-injunction

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.