Gov't finalizes FTAA renewal for Oceanagold – Manila Bulletin
MGB Director Wilfredo Moncano (Photo credit: https://region1.mgb.gov.ph/) Mines and Geosciences Bureau (MGB) Director Wilfredo Moncano told Business Bulletin that discussions on this matter already concluded and that the new FTAA now awaits the signature of Environment Secretary Roy Cimatu. After that, the FTAA will be forwarded to the Office of the President (OP) for President Rodrigo Duterte’s signature. FTAA is a contract that allows a foreign-owned mining firm to operate in the Philippines as well as explore and utilize the country’s mineral resources. The deal also gives the governme...
Source: mb.com.ph