Processing of copper, gold resumes at Didipio

KASIBU, Nueva Vizcaya: After its license to operate was renewed by Malacañang in July of this year, Australian OceanaGold Corp. has announced the commencement of its processing operations at the Didipio gold-copper mine in this gold-rich upland town.

"Following the confirmation of the Didipio Mine Financial or Technical Assistance Agreement renewal, Didipio is producing gold and copper again, which will be an important source of free cash flow generation for the company and a significant contributor of socio-economic benefits for the region and country," Scott Sullivan, OceanaGold chief operating officer and acting chief executive officer, said.