Apr. 21, 2017: Mines firm hits out at ABS-CBN

Apr. 21, 2017: Mines firm hits out at ABS-CBN

ASSISTANT Finance Secretary Paola Alvarez said Thursday the inter-agency Mining Industry Coordinating Council was seeking a P50-million budget so it could hire independent experts to reassess the operations of the 311 mining firms as ordered by President Rodrigo Duterte.

The 311 include the 28 mines shuttered or suspended by the Environment department.

Alvarez made the statement even as Manila Mining Corp. urged ABS-CBN and ANC to clarify what it said was a “misleading news report” about the company.

In a disclosure to the stock exchange, Manila Mining said ABS-CBN and ANC recently released a story titled “DENR gives Manila Mining 2 months to neutralize the open pit’s acidity level.”

“The open pit referred to was the Ntina pit. The report is misleading because it is incomplete and suggests, whether wittingly or unwittingly, that Manila Mining Corporation had failed to meet the environmental standards set by law and regulations for observance by mining companies,” the company said.

“In the case of MMC, it is not even in operation presently and is only on care and maintenance status while awaiting the DENR approval of its ECC application.”

Full story here

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