SMI is the proponent of the $5.9-billion Tampakan copper-gold project in southern Mindanao, which is being strongly opposed by various stakeholders.
The mining firm was recently granted an environmental compliance certificate, considered to be a permit to operate, by the Department of Environment and Natural Resources, the agency in charge of managing the country’s natural wealth despite several unresolved issues, including the ban on open-pit mining method in South Cotabato, one of the provinces where the company intends to operate its open-pit mine to extract copper and gold ores underneath the Tampakan grounds, said to be the biggest undeveloped copper and gold deposits in the country.
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