Oceanagold denies shutdown of Didipio mine


BAYOMBONG, Nueva Vizcaya: Australia’s OceanaGold, which operates the Didipio Mine in the mineral-rich upland town of Kasibu, said reports and “rumors about a halt of their operations were just speculations.” The OceanaGold report said operations had not stopped since there was no stoppage order coming from the Mines and Geosciences Bureau. The company’s commercial report added that its Didipio copper-gold project located 270 kilometers north of Manila is expected to churn out this year between 120,000 and 130,000 ounces of gold and 14,000 to 15,000 tons of copper.

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