^

Nation

Government gets first Diwalwal share

-
DAVAO CITY — The government has finally received its first share of gold ore produced at Mt. Diwalwal since the gold-rush site was placed under its control last Sept. 5.

Under the new sharing scheme, the government gets 15 percent of production from the mining operations, while small-scale miners receive the rest.

The Department of Environment and Natural Resources has given out 18 service contracts, benefiting 4,500 small-scale miners. At least four tunnels and mining portals have been reopened since Sept. 5.

"So far, as of Sept. 19, the government has collected 141 bags of gold ore as its share in the new operations. The gold ore still has to be processed," said Mines and Geosciences Bureau Region 11 chief Ma. Luisa Jacinto.

The National Resources Development Corp., which oversees the mining operations, earlier said the government could earn at least P120,000 daily under the new sharing scheme. — Edith Regalado

vuukle comment

DEPARTMENT OF ENVIRONMENT AND NATURAL RESOURCES

EDITH REGALADO

GOLD

GOVERNMENT

LUISA JACINTO

MINES AND GEOSCIENCES BUREAU REGION

MINING

MT. DIWALWAL

NATIONAL RESOURCES DEVELOPMENT CORP

NEW

OPERATIONS

  • Latest
  • Trending
Latest
Latest
abtest
Recommended
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with