Mining firm gets P2.8B in capital investment

By Leander C. Domingo

Mar 24, 2023 12:22 am

KASIBU, Nueva Vizcaya: An Australian Canadian-owned mining firm operating in this gold deposit-rich upland town is getting as much as P2.8 billion in capital investment to sustain its mining operations.

In a report, OceanaGold Corp. said it is pouring in from $30 million to $50 million (roughly P2.8 billion) in capital investment this year to sustain its operation in the Didipio Mine through its subsidiary OceanaGold (Philippines) Inc.

The Didipio Mine in the upland town of Kasibu in Nueva Vizcaya province is operated by the Australian-Canadian OceanaGold Corp. through its subsidiary OceanaGold (Philippines), Inc. or OGPI. CONTRIBUTED PHOTO

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