Sustainable Mine Closure and Decommissioning Program
S
Mining
13°10'27"N
121°12'27"E
Corporation
Aroroy, Masbate
12°28'4"N
123°23'46"E
Location
Rapu-Rapu,
Albay
Geographic
Coordinates
Mineral Sharing
Production
Mineral Production
Tenement
Sharing
Agreement
Agreement and
Mining Patents
in
approved
1998, 2000 and
in 2004 with an
area of 4,663
has.
289.9466 hectares;
-
Mining Lease Contract
108 has. and Patented
Mining Claims 236
has. in 1997
Financial
Estimated
to
I have a Potential
Investment of
US$42
Million
and Potential
Gross Sales of
US$41
Million/year.
Potential Excise
Tax due to the
Philippine
Government
Details
estimated
at
US$0.80
Million/year
(without
Potential Investment US$
to
45 Million and Potential
Gross Sales US$ 62
Million per year.
Potential Excise Tax due
the Philippine
Government US$ 1.2
Million per year (without
incentives) and Potential
Income Tax US$ 7
Million per year (without
incentives)
Tenement
Holder
Rapu-Rapu
Minerals,
Filminera
Resources
Corporation
Incorporated
Permits
Partial
Declaration of Mining
Approval/Se
declaration of
Feasibility in 2005
cured
Mining Project
incentives) and
Potential
Income Tax of
US$5.7
Million/year
(without
incentives)
Feasibility study
Major
Lafayette
NL
Stockholder
represented by
Thistle Mining Corp.
Canada/South Africa
Potential
Employment 274
1,000 during
construction and
during
Roderick Watt -
Gerri
Maritz
operation
Country
Kennedy/Andreas
Manager
Johannes Graetz
Foreign
Lafayette NL
Partners
Australia, LG
Collins
KORES
South Korea
and
of
Commodity
Copper, Gold,
Silver and Zinc
Geology and
Mineralizati
on
Reserves
Production
Rate
Mine Life
Project area is
underlain by
schist
that
contain massive
polymetallic
sulphides
consisting
mainly of pyrite,
with
lesser
amounts
of
chalcopyrite and
sphalerite
Project has a
reserve of about
5.9 Million MT
@ 1.2% Cu; 2.5
g/t Ag & 2.1%
Zn
Annual
production rate
is placed at
10,000 MT for
Cu; 50,000 oz.
for Au; 14,000
MT for Zn and
60,000 oz. for
Ag
Estimated at 7
years
B2Gold Corporation of
Canada
Chromite, Copper, Gold,
Nickel and Silver
Gold deposits are centred
on a northwest-to-south
east mineralized volcanic
belt, 5-7 km. wide, boun-
ded by two northwest-
trending fault zones
48,000,000 MT @
1.30g/t Au with a Gross
Value of US$738
Million
Daily Production of
17,123t milled. Mine
produced 155,000 oz. Au
in 2012 and to produce
200,000 oz. Au in 2013
Estimated at 12 years
during
and 300
2,500
construction
during operation
information as to the status of the mine sites in terms of
operation is shown in the preceding table.
Huge amount of taxes were contributed by both mining
companies. For instance, from 2012 to 2014, RRMI
contributed to the Philippine government a total of Php
1,003,084,002.45, both in the national and local taxes, while
FRC contributed a total amount of Php 2,403,093,440.08
from both national and local taxes for the past three-year
duration. However, despite the huge amount of taxes in the
government, it appears that the general economic condition
in the host communities are still low. In terms of employment
for RRMI, it has generated more less only 21.5% from its
total population of 3,413 in 2010, while FRC has also
generated employment of about 8.13% from its population of
around 14,927 in the same year. In RRMI impact barangays
for instance, one in ten persons finished grade school and
three out of ten are elementary undergraduates. Seven out of
100 graduated from high school and three out of 100 have
graduated and earned academic degrees from college. The
drop-out rate from elementary to high school is estimated to
be at 90%. These were attributed to the high incidence of
poverty and the absence of an accessible secondary school in
the area. In FRC host barangays, on the other hand, nearly
half or 48% have attended or completed elementary
education. The high school undergraduates constitute 20%;
those who completed secondary education is 10%; college
undergraduates constitute around 4% and those with
academic degrees, is 3%. More females finished college than
their male counterparts. It is also interesting to note that in
RRMI areas, people put much priority on livelihood benefits,
while in FRC areas, health services is given much priority
(Kearns and Barnett, 1998).
In the aspect of stakeholder views and community
involvements relative to mine decommissioning and closure
planning, various consultations were undertaken in the
formulation and preparation of the Social Development and
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