The local unit of Canada’s TVI Pacific Inc. on Thursday stressed that there is no valid ground to cancel, suspend or terminate its Mineral Production Sharing Agreement (MPSA) with the Philippine government, saying there is no government proclaimed watershed within its Balabag gold-silver project in Zamboanga del Sur.

“There is neither violation of the terms of the MPSA nor of any law, rule or regulation that would merit its cancellation, termination or suspension,” TVIRD President Atty. Eugene Mateo said in light of the recent proclamation to rescind the MPSAs of 75 mining companies on the basis of their projects being located in “functional watersheds.”

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details