Red 5 cites regulatory uncertainty as it shuts Philippines gold mine

April 17, 2017

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Mining operations at the Siana gold mine, in the Philippines, have been suspended with immediate effect, ASX-listed Red 5 reported on Tuesday.

The company said the decision was taken on the back of uncertainty around regulatory and government mining policy and the group’s assessment of the likely resulting changes to openpit operations after taking into account the delays in the approval of the environmental compliance certificate amendment for the long-term tailings storage facility and other mining challenges.

Category: General