St. Augustine Receives Certification Precondition for King-king Copper-Gold Project, Philippines
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St. Augustine Gold and Copper Limited’s joint venture partner, Nationwide Development Corporation (NADECOR) has been issued its certification precondition from the Philippine National Commission on Indigenous Peoples (NCIP). The certification precondition attests that NADECOR satisfactorily complied with the process requirements under the Indigenous Peoples Rights Act of 1997 and NCIP Administrative Order No. 03, Series of 2012, otherwise known as the FPIC Guidleines of 2012 for obtaining of the free prior and informed consent of the Mansaka Indigenous Cultural Communities/Indigenous Peoples for the King-king Copper-Gold Project.
The certification precondition was based on the memorandum of agreement (MOA) signed by NADECOR and the Mansaka Tribe in May 2015 for the support and development of the project.
“Receipt of the certification precondition is another positive milestone towards the development of King-king. We would like to thank the NCIP for completing the review process in a timely, comprehensive manner, and look forward to continued collaboration with our joint venture partner, St. Augustine and the Mansaka Tribe,” said NADECOR President Conrado T. Calalang.
“We continue to make significant progress with the development of King-king. When coupled with the recent awarding of the declaration of mining project feasibility by the MGB and the ongoing support from the Mansaka Tribe, receipt of the certification precondition now paves the way for us to focus on project financing and the start of mine construction,” said Paolo A. Villar, president and CEO of St. Augustine.
The NADECOR - Mansaka Tribe MOA complies with the Philippine Indigenous Peoples Rights Act of 1997 whereby the NCIP is the primary governmental agency mandated to formulate and implement policies and guidelines to promote and protect the rights and well-being of indigenous cultural communities and indigenous peoples as well as the recognition of their ancestral domain and rights.
The MOA is valid for 25 years and provides a framework for how the project will benefit the Mansaka Tribe through payment of a 1 percent royalty fee, as well as employment and various social development programs.
About St. Augustine
St. Augustine is a mining company focused on the development of the King-king Copper-Gold Project. The project is one of the largest undeveloped copper-gold deposits in the world, and is listed as a top three-priority mining project by the Philippine government.
To stop by St. Augustine’s website, CLICK HERE
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