Home » » UK firm to invest P500M in Surigao Norte copper gold mine

UK firm to invest P500M in Surigao Norte copper gold mine

A British company is set to invest P500 million in a copper gold mine in Surigao Del Norte "if an exploratory mission successfully discovers sufficient reserves of the precious minerals," the embassy of the United Kingdom here said Monday.

In a press statement, the embassy said the investment from Anglo-American, which will be followed by operations in partnership with Philex Mining and Manila Mining, is expected to create some 2,500 jobs and double local taxes in the Surigao provinces.

According to the embassy, Anglo-American is one of the biggest mining corporations in the UK with a solid track record in responsible governance and sustainable environmental development.

The company plans to invest in a province that is listed among the top 10 poorest in the Philippines.

UK Ambassador to the country Peter Beckingham expressed his support for the British company's willingness to help local people rise up from poverty while protecting the environment.

He expressed confidence that Anglo-American is committed to uphold good relations with the local government and civil society.

"I am confident that the people of Surigao Del Norte would benefit from the proposed development of a copper/gold mine by Anglo American, the UK-headquartered mining company,” Beckingham told some 100 businessmen in Surigao City
during a recent visit.

“Conversely it would be a sad day for the Philippines and the province if opposition to Anglo-American's plans prevented the new investment; jobs and money in the local community would be lost," he said.

In the first visit of a UK ambassador to the province, Beckingham also visited a number of new tourist developments in Surigao, its ports, and the Surigao Heritage Centre.

"I heard from the center that a UK adventurer, William Dampier, was one of the first ever overseas explorers to visit the Philippines and Surigao, where he landed in 1686. It would be a great full circle if the UK can return with major investments in this beautiful province in the 21st century," the top British diplomat in the country said. (inquirer.net)
Share:

No comments:

Popular Posts

Featured

The exciting lineup: 39th Bonok-Bonok Maradjaw Karajaw Festival Contingents Revealed!

Are you ready to be swept off your feet by an explosion of color, rhythm, and culture? The 39th Bonok-Bonok Maradjaw Karajaw Festival is jus...

Ads

Post your ADS here

Featured

Contact Us

Name

Email *

Message *

About Us

Your news and information authority

Categories

Blog Archive

Recent Posts

Copyright © SURIGAO Today | Powered by Blogger