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OceanaGold inks deal

OceanaGold (Phils.) Inc., contractor of the Didipio gold-copper project in Northern Luzon, signed a wide-ranging memorandum of agreement with the council leaders of Didipio village in Nueva Vizcaya. The agreement incorporates all previously executed agreements and all additional commitments to community development projects in addition to those projects stated in the company’s social development management program. OceanaGold country director Bradley Norman said the agreement “demonstrates our commitment to community development and corporate social responsibility projects over and above those that are required by SDMP. We are very happy the leaders of Barangay Didipio continue to be our partners in our effort to pursue our commonly-shared objectives of sustainable development.” The agreement adheres with the Philippines Mining Act, which requires mining companies to allot 1.5 percent of operating costs for the implementation of the SDMP for community projects of its host barangay and those in neighboring communities during the conduct of operations.
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