Altura Mining subsidiary, Altura Mining Philippines (AMPI) has been awarded a further two coal operating contracts, bringing Altura’s total Southeast Asian coal exploration holdings past 34 000 ha.
The contracts are Area 4 – Rapu-Rapu (Albay region) and Area 17 – Surigao del Sur (Bislig region).
Area 4 has 3000 ha. and is situated next to the coal producing Rapu-Rapu Island. Area 17 has 7000 ha. and is located in the Bislig coal mining area.
There have been delays in accessing Altura’s existing Catanduanes tenement because of stakeholder concerns about mining that resulted from the Department of Energy’s stakeholder meetings in the Rapu-Rapu and Surigao del Sur tenement areas before issuing the contracts. Yet, this is reported to be beneficial to long-term conferring with stakeholders and efficient development of onsite actions to evaluate the coal mining potential from each area.
AMPI is set to begin explorations in the two new contract areas in accordance with the approved work programme and stakeholder consultation process.
Edited from Press Release by Harleigh Hobbs
Read the article online at: https://www.worldcoal.com/exploration-and-development/23062015/two-additional-coal-operating-contracts-in-the-philippines-to-commence-2460/