Australian miner re-endorses application for FTAA renewal to OP

METRO BANK OPENS LEGAZPI MARISON BRANCH IN ALBAY – Metrobank announced the opening last week of its new branch in Legazpi, Albay. Despite the COVID-19 pandemic, Metrobank was able to expand its branch network with an aim to serve more customers in Southern Luzon. 'While we live in uncertain times, the Bank wants to ensure customers that we have continued support to their financial needs. We aim to be with them and to guide them in their financial journey,' said Metrobank South Luzon Region Head, Randell Victoriano. Metrobank Area Head for Bicol and Quezon Province Maria Celeste Lasala (extreme right); and Legazpi Marison Branch Head, Carlos Rosana (fifth from left) led the grand opening. They are joined by (from left): Marison Hotel owners, Emily Uy, Johnson Uy, and Daisy Uy; and Bishop Joel Baylon.

In what seems like a desperate attempt to resume operations, Australian-Canadian miner Oceana Gold Philippines, Inc. (OceanaGold) has re-endorsed its application at the Office of the President (OP) for the renewal of its Financial or Technical Assistance Agreement (FTAA).

This is almost more than a year since the firm’s FTAA for the Didipio underground gold and copper mine project in Nueva Vizcaya expired.

In a filing with Australian Stock Exchange, OceanaGold said that sometime in the second quarter of this year, “a working team created by the President [of the company] completed a review of the FTAA renewal, which included engagement with the Company, before re-endorsing the renewal to the Office of the President where it remains for a decision.”