DENR Cancels 75 Mineral Production Sharing Agreements

Environment Secretary Gina Lopez cancelled 75 mineral production sharing agreements (MPSAs) because the projects were located in watersheds. None of the projects have reached the mine operation stage yet. The canceled MPSAs include that of the $2-billion Kingking gold and copper project in Davao del Norte. Another was assigned to Silangan Mindanao Mining Co. Inc. in Surigao del Norte, where it was planning to develop a $2-billion…

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