Meanwhile, 8 Chamber members handed the audit specifically: Philex Mining Corp., Rio Tuba Nickel Mining Corp., Atlas Mining Corp., Cagdianao Mining Corp., Taganito Mining Corp., Platinum Group Metals Corp., Philsaga Mining Corp. And Greenstone Resources Mining Corp.
Recidoro said that the repercussions go nicely beyond mining groups and similarly endanger investments inside and outside of the minerals development industry.
“A lot of those corporations with alleged violations are publicly-listed groups, jeopardizing shares and shareholders in particular at a time that the peso is suffering,” Recidoro stated.
The Chamber currently suggested that an anticipated $20 billion well worth of mining tasks are in the pipeline, majority of that are in Mindanao.
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