PMEA Blog

Simon Hartley

Oceana Gold has completed a long-awaited study into its mothballed gold and copper development mine at Didipio, in the northern Philippines, which has been mothballed for almost two years after a massive cost blowout.

Oceana said the optimisation study of the mine, on which it is estimated to have spent $US120 million ($NZ166.2 million) in development so far, meant it now had unspecified options to resume development, which would now include some underground mining, as opposed to entire open pit mining.

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