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Deal #450

Location #1

Spatial accuracy level
Exact location
Location
Taganito mine, Claver, Suriago del Norte

Latitude
9.536637752502878
Longitude
125.81873454547122
Target country
Philippines

Land area

Intended size (in ha)
4863

Intention of investment

Intention of investment
Mining
Comment on intention of investment
nickel, etc

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)

Negotiation status

Negotiation status
[2009] Concluded (Contract signed)

Implementation status

Implementation status
[2010] Startup phase (no production)

Contract #1

Duration of the agreement (in years)
25

Operating company

Name of investment project
Taganito HPAL Nickel Corporation
Comment on investment chain
Sumitomo holds 62.5, Nickel Asia 22.5 and Mitsui 15%

 

Data source #1

Data source type
Personal information
Includes in-country-verified information
Yes

Data source #2

Data source type
Company sources
File
Date
2012-11-20

Promised or received compensation

Promised compensation (e.g. for damages or resettlements)
1% royalty fee as mandated in the law

Promised benefits for local communities

Promised benefits for local communities
Financial Support

Former land use

Former land use
Smallholder agriculture

Former land cover

Former land cover
Cropland

Detailed crop, animal and mineral information

Resources area
Nickel

Use of produce

Has export
Yes

Overall comment

Overall comment
Import of error check - Coordinator's overview comment: Request from Oxfam Ph CLT to exclude mining cases. Resolve Import of error check - Reviewer's overview comment: Request from Philippine CLT to exclude mining companies. Refer to email of Kalayaan to Madelon 3 November 2011. Import of other remarks regarding the investment: Q13 livelihood programs (handicraft making) and resettlement area.

Feb. 4, 2019, 3:03 a.m.

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Jan. 21, 2019, 1:38 p.m.

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Sept. 2, 2015, 10:45 p.m.

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Aug. 14, 2013, 3:04 p.m.

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Aug. 14, 2013, 2:39 p.m.

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March 9, 2013, 12:14 p.m.

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Feb. 15, 2013, 4:59 p.m.

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