Australian miner to relaunch Philippine gold-copper mine

Photo: OcanaGold

Plans to restart facility Australian miner OceanaGold has unveiled plans to relaunch its Didipio gold-copper mine in the Philippines after the country’s government renewed the Didipio mine financial or tech-nical assistance Agreement for an additional 25-year period.


Michael Holmes, the president and CEO of OceanaGold, commented in a statement the company has “worked through the renewal process in partnership with the Government and regulatory agencies. We look forward to commencing restart activities and continuing to work in partnership with our regulators, communities, employees, and all stakeholders to contribute to the Philippines’ post-COVID-19 eco-nomic recovery.”


OceanaGold says it has “maintained the mine and associated facili-ties in a state of operational stand-by.”


The Australian company owns a number of mining assets located in the Philippines, New Zealand, and the US, according to data from OceanaGold.