LISTED mining operator Oriental Peninsula Resources Group Inc. said the Department of Environment and Natural Resources (DENR) hastily suspended its subsidiary’s mine operations “without prior audit” which can have a “negative effect” on the company’s revenue streams moving forward.
In a letter dated August 19 to the Securities and Exchange Commission (SEC), Oriental Peninsula alleged that the DENR’s suspension order on its unit, Citinickel Mines and Development Corp. (CMDC), was premature and improperly issued.
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