Deal #478

Location #1

Spatial accuracy level
Administrative region
Location
Nueva Vizcaya, Philippines

Target country
Philippines

Location #2

Spatial accuracy level
Administrative region
Location
Quirino, Philippines

Target country
Philippines

Land area

Size under contract (leased or purchased area, in ha)
[2011] 15800
Size in operation (production, in ha)
[current] 9238

Intention of investment

Intention of investment
Mining
Comment on intention of investment
Gold, copper

Negotiation status

Negotiation status
[1994] Concluded (Contract signed)
[2014] Concluded (Contract signed)
Comment on negotiation status
Contract was renewed in 2014

Implementation status

Implementation status
[2011] Startup phase (no production)
[2013] In operation (production)
Comment on implementation status
In 2019, OceanaGold suspended their production pending the renewal of their Financial and Technical Assistance Agreement (FTAA) with the Mines and Geosciences Bureau of the Department of Environment and Natural Resources.

Contract #1

Contract number
FTAA-001
Contract date
1994-06-20
Contract expiration date
2019-06-20
Duration of the agreement (in years)
25
Comment on contract
Renewal for FTAA is still pending as on 2020.

Number of domestic jobs created

Jobs created (domestic)
Yes
Current number of jobs (domestic)
1589

Operating company

 

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Data source #1

Data source type
Government sources
File
Date
2020-06-30
Comment on data source
Department of Environment and Natural Resources

Data source #2

Data source type
Company sources
File

Data source #3

Data source type
Company sources
File
Date
2011-07-29

Data source #4

Data source type
Media report
File
Date
2014-09-28

Data source #5

Data source type
Media report
File
Date
2014-12-09

Data source #6

Data source type
Media report
File
Date
2015-02-03

Data source #7

Data source type
Media report
File
Date
2015-03-31

Data source #8

Data source type
Company sources

Data source #9

Data source type
Media report

Data source #10

Data source type
Media report
File
Date
2020-03-02

Data source #11

Data source type
Media report
File
Date
2020-04-06

Negative impacts for local communities

Negative impacts for local communities
Environmental degradation
Comment on negative impacts for local communities
The company is facing environmental complaints and they have reportedly failed to comply with the agreements set with the local government and pay due taxes

Promised benefits for local communities

Promised benefits for local communities
Health
Education
Other
Comment on promised benefits for local communities
Employment was also given to local community

Detailed crop, animal and mineral information

Resources area
Copper, Silver, Gold

Nov. 29, 2020, 1:22 p.m.

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Jan. 29, 2019, 3:05 a.m.

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Jan. 13, 2019, 4:28 a.m.

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Sept. 10, 2015, 1:48 a.m.

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Sept. 17, 2013, 8:58 p.m.

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Feb. 15, 2013, 5 p.m.

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