In a statement, OceanaGold said it wasn’t aware of the decision and only learned of the ruling through social media. MANILA — A Philippine court has thrown out an appeal by a mining company seeking to continue operations despite its permit having expired last year.The decision by the Philippine Court of Appeals against OceanaGold Philippines Inc. (OGPI) marks the latest legal victory for the Indigenous community in the Didipio region, some 270 kilometers (170 miles) northeast of Manila, who for a quarter of a century have fought against the destruction of their environment.The ruling was handed down on June 30 but only made public by parties in the case on July 11. MANILA, Philippines — The Court of Appeals (CA) has dismissed Australian-Canadian mining firm OceanaGold’s call for an injunction against Nueva Vizcaya’s restraining orders of its mine operations.The CA decision released last week upheld the decision of the Regional Trial Court of Nueva Vizcaya last July 2019 denying the injunction of OceanaGold Philippines.The CA cited that “the petitioner failed to establish its clear and unmistakable right to continue its mining operation.”OceanaGold’s financial and technical assistance agreement (FTAA) expired in June 2019 and it has failed to secure a renewal of its mining contract, and therefore, mine closure was implemented by local authorities.However, the firm continued operations despite the lack of permit, prompting the local government unit and the local community to set up a people’s barricades to prevent any illegal entry of mining vehicles.The actions of the community and the LGU led to OceanaGold filing an injunction, which was later denied by the RTC of Nueva Vizcaya in July 2019.Nueva Vizcaya Governor Carlos Padilla welcomed the CA decision, saying it affirms the province’s position that upon expiration of its FTAA, OceanaGold does not have any more rights to engage in mining activities in Didipio.“It clearly belies the position taken by the MGB (Mines and Geosciences Bureau) that OceanaGold is permitted to continue its mining operations pending renewal of its FTAA,” Padilla told The STAR.“In view of such development, we now strongly demand for the complete pull out of OceanaGold from the area,” he said.Since the expiry in June 2019, President Duterte still has yet to approve the renewal for another 25 years, even with the endorsement from the Department of Environment and Natural Resources and the Mines and Geosciences Bureau.The President has the final decision on the grant and renewal of FTAA upon the endorsement of the MGB and DENR.The Office of the President earlier found a deficiency – the first 25 years of OceanaGold were not covered by the Indigenous Peoples’ Right Act and its area was outside the ancestral domain of the Bugkalot tribe.OceanaGold’s FTAA covers some 10,000 hectares. Receive the latest news in sustainability, daily or weekly.EB Impact is a non-profit organisation focused on delivering training and programmes in Asia Pacific. OCEANAGOLD’S operational future in Philippines continues to look highly problematic as does the south east Asian country’s attractiveness as an investment destination for miners. OceanaGold Corporation is a mid-tier, high-margin, multinational gold producer with assets located in the Philippines, New Zealand and the United States. OceanaGold (OTCMKTS:OCANF)‘s stock had its “buy” rating reissued by analysts at Raymond James in a research note issued to investors on Wednesday, AnalystRatings.com reports. Other research analysts have also recently issued research reports about the stock. By Philstar Global Corp. All Rights Reserved Sign up now! OceanaGold’s operational future in the Philippines continues to look highly problematic as does the south east Asian country’s attractiveness as an investment destination for miners. August 16, 2020 - 12:00am 8 days ago Asia Pacific's Hub For Collaboration On Sustainable Development

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