OceanaGold halts trading as protestors circle
Esmarie Iannucci, Creamer Media Senior Deputy Editor: Australasia
4th July 2019
PERTH (miningweekly.com) – Gold miner OceanaGold has halted share
trading on the ASX in the midst of news of protestors at its Didipio
operations, in the Philippines.
OceanaGold last week denied that production at Didipio had been halted
and that the government of Nueva Vizcaya had ordered a stop to
operations in the wake of its financial and technical assistance
agreement (FTAA) expiring at the end of June.
The company has lodged an application to renew the FTAA with the
Philippines government in March, and received confirmation that the
company could continue with operations until the FTAA renewal.
However, reports on Thursday emerged that environmental group the
Kalikasan People’s Network for the Environment (KPNE) had established
barricades along the access roads leading to the mine.“We want
Oceanagold to stop operations regardless of whether its FTAA gets
renewed or not. We Novo Vizcayanons have had enough of destructive
mining in our lands,” village councilor and leader of the environment
and agriculture committee of host community Barangay Didipio, Celia
Bahag was quoted by KPNE.
OceanaGold’s trading halt is set to remain in place until July 8, or
until the company made an announcement regarding the Didipio operations.