PMEA Blog

By Fernan Gianan, Amy R. Remo
Inquirer Southern Luzon, Philippine Daily Inquirer

MANILA, Philippines—Monte Oro Resources & Energy Inc. abandoned its search for coal in Catanduanes province as early as last year, the company said Tuesday.

“Based on our exploration program which has been completed, we do not consider the potential sufficient to our proceeding with the next phase which is development and underground mining” Monte Oro said in a statement.

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