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Thursday, August 16, 2012

DENR's Mines and Geosciences Bureau readies to penalize Philex

In an interview with GMA News Online on Thursday, MGB director Leo Jasareno said, “We are assessing the extent of impact [on the environment] of Padcal Mine's tailings pond leak. We are determining the violations [that the firm committed].”

Based on initial findings, the spilled tailings have reached 6.5 million metric tons. Under the national mining law, a P50 fine shall be collected for every ton of leaked sediment, leaving the gold and copper mining firm with an estimated P325 million in penalties.
http://www.gmanetwork.com/news/story/270084/economy/agricultureandmining/denr-s-mines-and-geosciences-bureau-readies-to-penalize-philex

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