SYDNEY, AUSTRALIA: The Board of RTG Mining Inc. announce that Secretary Roy Cimatu of the Department of Environment and Natural Resources (DENR) lifted the four-year-old ban on the open-pit method of mining for copper, gold, silver, and complex ores in the Philippines.
The DENR order covers all mining tenement holders that will adopt a surface mining
method and sets strict conditions and requirements for those that would use the open-
pit method to ensure all mining is undertaken to world’s best practices.
The Mabilo Project developed in line with the DENR’s directives, has the capacity to stimulate economic growth in the local communities, the Province in which the project is located and the
Philippines more broadly.
The lifting of the ban, according to the DENR order, is meant to “revitalize the mining
industry and usher in significant economic benefits to the country by providing raw
materials for the construction and development of other industries and by increasing
employment opportunities in rural areas.”
RTG Mining Inc. is a mining and exploration company listed on the main board of the
Toronto Stock Exchange and the Australian Securities Exchange.
RTG is currently focused primarily on progressing the Mabilo Project to start-up having recently received a mining permit for the Project, with a view to moving quickly and safely to a producing gold and copper company.
RTG also has a number of exciting new opportunities including the Panguna Project in Bougainville, which it remains committed to but during these uncertain times the primary focus is on advancing the Mabilo Project.
RTG has an experienced management team which has to date developed seven mines
in five different countries, including being responsible for the development of the
Masbate Gold Mine in the Philippines through CGA Mining Limited.
RTG has some of the most respected international investors as shareholders including Franklin Templeton, Equinox Partners and Sun Valley.