The amendment practically removed the only remaining barrier to operating the $5.9-billion copper and gold project of Sagittarius Mines Inc. in Tampakan.
In an earlier statement, the Chamber of Mines of the Philippines welcomed the lifting of the open-pit mining ban in South Cotabato, saying it could spur economic activities and create employment and new business opportunities.COMP chair Michael Toledo said the Tampakan project would be an “essential post-pandemic economic recovery tool whose actual and potential benefits far outweigh the potential negative impacts.” The measure containing the amendment was already transmitted to Gov.
He said the Marcopper mining operation caused a massive adverse impact on the Boac River, affecting the livelihood of local residents, and with the onrush of tailings from the mines displacing river water, inundated the low-lying areas.
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