Miner to spend P35 billion in Mindanao project
THURSDAY, MAY 14, 2009
Source: Surigao Today
A MINING venture led by Australia’s Red 5 Ltd. will invest P3.5 billion to start commercial operations in a gold mine in northern Mindanao, company officials said late Tuesday.
The mining permit holder Greenstone Resources Corp. will develop the 2,023.74-hectare Siana gold mine in the town of Mainit in Surigao del Norte, company managing director Greg Edwards said in a presentation to officials of the Mines and Geosciences Bureau last Tuesday
Construction will start before the end of the year after securing funds by June, the mining executive added.
Greenstone Resources is owned by Red 5, Merrill Crowe Corp., and Surigao Holdings and Investment Co.
The Siana gold project can produce 6.69 million metric tons of ore, with an average 5.2 grams of gold per metric ton, and equivalent to 1.122 million ounces of gold and 2.095 ounces of silver.
Pidjanga notes (10 September 2008 here): I have blogged (here) about the former SIANA (Suricon) Gold Mining that I estimated to have acquired around P90 billion worth of gold. Well, I must overestimated it, but with the estimate from the above article of an average of 6.3 g/ton out of the 4.9 million tons of ore mined, we can now safely say that Suricon harvested more than 30,000 kilos of MAINIT GOLD or around 20 billion pesos. DID MAINIT BENEFIT FROM THIS? WILL THE TOWN OF MAINIT EVER BENEFIT FROM MINING!
Ka-letse isab na way nagpakabana!
Let us investigate! Let's get involved! It is our right, as right-holders, to know what's in it for us! For our children!
Pidjanga notes (Today, 10 May 2009): Sinjagot! Mga sambunijat nidjo! Kun maalaot an ato lungsod, labi na an ato kinaiyhan... PAGO ra dijo! Kay way ijo taghimo! Kalooy isab nan ato mga kabataan, and umaabot, madugyom!
Anay pa... P35 billion ba ini o P3.5 billion? Nagkabala galing an Business World (original source of Surigao Today).
Post: Zimmbodilion (www.pidjanga.blogspot.com)
Crossposting: http://www.bisayabloggers.com/; http://zimmbodilion.multiply.com/journal
Post: Zimmbodilion (www.pidjanga.blogspot.com)
Crossposting: http://www.bisayabloggers.com/; http://zimmbodilion.multiply.com/journal
1 comments:
The yearly guob
(A different perspective)
For what I have observed , mainit lake’s natural rise and ebbing is not flooding as mainitnons sees or defines it, but an often misunderstood natural- water level- lake management all its own. Typical example for this is the amazon river’s outlying parched plains that stretches south America or Africa’s Kalahari desert’s watering hole during its dry months (or summer ‘s onset) which suddenly transforms and swell in disproportionate incorrigible bodies of water . to a layman, it’s pretty hard to comprehend why it is happening and religious as the folks are, often becomes a tool for finger pointing..
The only difference with Mainit’s , is the fact that the frequency is not as regular or irregular as it is (certain months of the year), but certainly to a point and right timing, intertwined (with variance in magnitude) with the global forces of nature acting- on and reacting to it, these often times, unusual or abnormal phenomenon becomes an endemic problem unique to the place. All too often blamed to entities that wreck havoc to the environment, though I’m not saying, that it never was a contributing factor.
And it goes with the saying that what were once prey during those times becomes preyed upon when scenario is reversed. (ex. The piranha preys upon the animals that criss-cross the river banks and ponds when the water is at its might and becomes fodder when the banks dry up (river beds) and fall hapless when no water abounds. (in mainit, we earn a living from the lakes pidjangas though not quite literally, and when the water level rises, the lake takes it’s toll (on Pidjangas)to the inhabitants surrounding it.
I have made some research on this subject for quite sometime and only now that I had the chance to contribute a few cents worth of my thoughts for Mainitnons to view it differently. Comments that I’ve made in your cbox /labjog/ syagit sometime last year (as h-mantayon) and post some questions to experts in the field of environmental studies who came up awash with curious and very surprising analysis….Part of what it has arrived at is the fact that (we) humans sees it as flooding (the place)…but in reality, we are encroaching, if not trespassing its natural boundaries of expansion when the swelling tide time comes.
When you post/ed that question of how can we solve it? My mind began to wander as to what is/are the most compelling issue/s that needs to be addressed.
1) Do Pidjanga’s really have to face the problem head-on?
2) With what resources? Money ? Technology? Politically? or by council mandate to move the town’s habitable boundaries farther from the shoreline to known higher elevations that have minimal flooding. And buy back those land parcels for a Lake management authority to decide for its best use.
3) Would installing underground aquifers in the outlying shorelines’ plains & adjacent sandy beaches of the lakeshore be feasible with a grant, and funnel /inject this excess water into this silo-like structures and avail of this source of water to feed a year round efficient irrigation system in the region or as source of potable drinking water (after filtration of course) as a first step? And generate funds?
4) Planting trees do have potential for holding water but very limited (as the study suggested) and with flash floods being inherent to a tropical place like the Philippines, all studies has alluded to, that it can only manifest itself to a certain degree and partially control erosion and siltation in some portions but not for quantifiably huge amount of water in so short a time and hang on to defeat the flooding issue.
5) Erecting levees, berms or dikes only controls certain areas deemed of prime importance and not the entire periphery of the lake… and as soon as it goes beyond those flood stage levels, the destruction is far greater than what your annual guob is giving you (headache)… (blog about the new Orleans breach on levees and berms ).
6) Territorial boundaries and who has control of it,( mining, fishing, etc.) is not even part of this equation yet and who would compromise what, and where, and when, makes this situation complicated and far more greater than the perennial flooding you are facing.
Bottom line, it’s either Mainitnons should live with it or forget about it’s so called ancestral home sites and hunker themselves up to higher grounds …Perhaps it’s a dream Mainitnons or Pidjangas for that matter could only wish for, for now, and may not happen in it’s present lifetime…
This is just a comment and never a perfect one… other solutions or concepts may hold a possibility, and that I am not sure.. ..thanks in advance for letting me…
‘Hemantayon ‘ from Surigao City
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