The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Wednesday, 28th July 2010 (384 views)

Fears over the environmental impact of the Tampakan Copper-Gold Project in South Cotabato are to be allayed, it has been revealed.

The Manila Bulletin reported that the Department of Environment and Natural Resources is to outline a consensus between the project holder and members of the local community that exploration and drilling activity will not unduly damage the surrounding area.

"I will work towards getting them to meet on a common ground that will allay the fears and also afford us the benefits of this investment," commented environment secretary Ramo Jesus Paje.

The project is estimated to contain 15.8 million ounces of gold at a 0.3 per cent cut-off grade.

Elsewhere, mineral exploration company Secova recently announced the signing of a memorandum of understanding for the rights to explore and drill the Sergeevske Gold Deposit in Ukraine.

The company will be able to keep 90 percent of all finds should it keep to its agreement of investing $5 million (£3.21 million) in exploration over the coming five years.

 

« Back to Gold News stories