Resiliency and sustainability through geoscience
by Marcelle P. Villegas - February 20, 2020
By Marcelle P. Villegas
GeoCon was first organised in 1988 as a venue where the latest development in geosciences are shared and discussed. Each year, new ideas and fresh perspectives are presented through technical reports and exhibits. What is the importance of GEOCON in the Philippines? Since it is a conference where great minds in the field of geosciences gather to discuss, debate or collaborate for continued learning, the event then brings to light solutions to national problems that science can solve.
Last December, the Geological Society of the Philippines (GSP) presented GEOCON 2019 with the theme “Geoscience for a resilient and sustainable Philippines”. The two-day conference was held at The Manila Hotel last 4-5 December 2019.
Dr. Renato U. Solidum, Jr., Chairperson of GeoCon 2019, gave the welcome remarks on the Day 1 of the conference. He is also Department of Science and Technology Undersecretary for Disaster Risk Reduction -- Climate Change Adaptation. Dr Solidum is also the Officer-In-Charge of the Philippine Institute of Volcanology and Seismology.
Although GeoCon 2019 took place a month before the Taal Volcano Eruption (12 January 2020), Dr. Solidum’s message was regarding readiness in case of natural calamities. “The theme of this year’s GeoCon… should jolt us and remind us of our collective obligation as geoscientists to convey to the most vulnerable sectors of our society the imminent dangers of geological hazards. This is a herculean task which all of us, because of our specialized training, can help achieve.”
He said, “We should join hands and we must zero in our common efforts in educating and empowering our people so that they will become more resilient to natural disasters.”
Dr. Carla B. Dimalanta, President of GSP, stated, “2019 has also been an extremely challenging one for our country, particularly on matters where the geosciences are central to the issues. Geohazards and resource use conflicts, most especially, continue to cause significant disruptions to the lives and livelihoods of Filipinos. From the water shortages in Metro Manila during the dry months, to the large-scale landslides and floods in Luzon and the Visayas in the rainy periods, and the unusual earthquakes in Mindanao, GeoCon 2019’s theme brings to focus what we, as geoscientists, have done and must further do to contribute to building a resilient and progressive country.”
Dr. Dimalanta expressed that there are many changes in the regional and global perspectives which affect the decisions on natural resource use, environmental design and management, and geohazards risk reduction. She also mentioned the urgent need to achieve the Sustainable Development Goals (SDG). “[With] barely two years left for the current national government administration, we the country’s geoscientists must assert our relevance in delivering SDG targets. The Geological Society of the Phils., as a collegial body of experts in the various fields of earth sciences, is best poised to address concerns pertaining to the following SDGs: SDG 6: clean water and sanitation, SDG 7: affordable and clean energy, SDG 9: industry innovation and infrastructure, SDG 11: sustainable cities and communities, SDG 14 and 15: life below water and on land, and most importantly SDG 17: partnerships for the goals.”
The keynote speaker for Day 1 was Undersecretary Rosemarie Edillon of the National Economic Development and Authority (NEDA).
The Undersecretary discussed the three key points in her speech: 1) economic and social impact of the disaster on the country 2) the new ecosystems for science, technology, and innovation 3) the challenge with the science community, including the geoscience community.
She stated, “The Philippine economy is currently on a high growth trajectory. So at the beginning of 2012, our growth rate has been upward by 6%. We could actually have grown much faster were it not for the damage and losses due to the typhoons and other natural calamities. The UN estimates that we lose about 0.8% of GDP every year due to the combined impact of disasters.”
NEDA Undersecretary mentioned that the cost for evacuation and spending in managing an evacuation center is an added expense. When there are natural calamities, loss of productivity happens which in turn brings about the loss of income per day. Other factors that affect and hinder income and productivity are loss of lives, destruction of cultural heritage sites or buildings, and more. These events bring insecurities among Filipinos because during a natural calamity, they are subjected to various threats in their livelihood.
In contrast, the Undersecretary presented some good news which is in light of “the new ecosystem for science and technology, innovation".
“To be fair, we had been improving towards progress with regards to how we had been addressing climate shocks. In fact, we are the only country with an institutionalised response mechanism [or Institutional Mechanisms for Disaster Response] which includes preparedness measures.”
"We have also completed a number of high-resolution geohazard maps."
"For the last seven years, the economic growth remains above 6%. With our already released Q3 growth, the Philippines is actually second in terms of economic growth compared to Vietnam 7.3% and even higher than China 6.0%. So our economy has been steadily growing and it is our goal to sustain this momentum in the coming years, and uphold the Philippines' standing as one of the fastest growing economies in Asia.”
Undersecretary Edillon added, “And to be able to sustain this growth, science, technology and innovation have been identified and prioritised not only as a catalyst to exponentially grow our economy but also as a solution to minimize environmental impacts, efficiently use our natural resources, and build our resilience.”
“I've got a piece of good news. In 2019, the Global Innovation Index, which measures the performance of countries in terms of innovations like technological advancements, the Philippines jumped 19 notches, ranking 54th which marks the biggest leap amongst Southeast Asian countries and we ranked 5th behind Singapore, Malaysia, Vietnam and Thailand.”
Later during the day, the other topics and studies presented were: “Re-opening new paths for the Philippines’ search for energy independence” by Arthur Saldivar-Sali, “Paving a new landscape in risk valuation: The GeoRisk Philippines initiative” by Mabelline Cahulogan, “The October 2019 earthquake sequence: Parameters and impacts” by Jeffrey Perez, and more.
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Marcelle P. Villegas - June 08, 2020
What the PH can Learn from Indonesia's Successful Nickel Industry - Part 2
By Marcelle P. Villegas Previously, we featured an update on the mining regulations in the Philippines. We also examined the export volumes of nickel ore from the Philippines and how these had been affected by Indonesia's exports. Lastly, we discussed the viability of the Philippines' laterite ore deposits and what this could mean for future production. These were the scope of a presentation by Mr George Bujtor last September at the 7th Asian Nickel Conference in Jakarta, Indonesia. His report is titled “Philippines: Regulatory Update and the Potential of the Philippine Laterite Ore” - “How the Philippines was Surpassed by Indonesia in the Laterite Nickel Industry”. Mr Bujtor is the CEO and owner of private companies, namely Electric Metals Limited (EML) in Hong Kong and PT Electric Metals Indonesia. These are companies which are developing the innovative EML Process for the low-cost leaching of nickel laterite ores. The EML Process is the first of its kind in green technology in nickel processing, and he introduced this at the Asian Nickel Conference in Indonesia last September. Mr Bujtor is an expert in the technical, financial and commercial aspects of mining operations with over 35 years of experience in the industry. He has extensive work experience in the past as General Manager and Managing Director in Rio Tinto, Australia. In the Philippines is the former CEO of Toledo Mining Corporation and Berong Nickel Mine in Palawan, as well as CEO of Atlas Mining Corporation. As a review from Part I of our article, we learned from Mr Bujtor that the Philippines is currently Asia's leading supplier of nickel and cobalt which are raw materials for the battery sector. He stated that with the right policies, the Philippines could become one of the world's leading suppliers of battery raw materials, including battery manufacturing.  He said, "Both the Philippines and Indonesia have the resources to dominate the nickel industry. The future growth will be in stainless steel and the battery sector. " "Over the next 4 to 5 years, nickel demand growth will be in the stainless steel and battery sectors. Indonesia will continue to dominate the NPI growth and investment. The Philippines will only be able to compete in the battery sector." Now, what is the future of the Philippine laterite nickel ores? With regards to the competitiveness of Indonesia versus the Philippines, he mentioned that, "Relative to Indonesia, the Philippines has NO competitive advantage in ferro-nickel production." He gave the following key points: Indonesia has built, and continues to build, power stations to provide the electricity to its ferro-nickel industry. The Philippines has limited coal resources and a negative view of coal-fired power stations. With past high grading and sales of saprolite ores, little high-grade saprolite tonnage remains in the Philippines to produce low cost ferro-nickel/NPI. Indonesia has the advantage of having considerably higher saprolite ore grades and lesser environmental controls. These are key cost drivers. The future for the Philippines is not in ferro-nickel or NPI. He concluded, "The future of the Philippines lies in the processing of its laterite ores as battery raw materials…” Here is why: The Philippines is currently one of two producers of battery raw materials in Asia, through the Nickel Asia/Sumitomo JV. Sumitomo has the world’s leading technology for HPAL. The Philippines has large resources of laterite ores with medium to high Ni, Co & Sc grades. Hydrometallurgical processes like HPAL require very little electricity relative to ferro-nickel production. The Philippines leads the world in an innovative atmospheric leaching process adapted for the tropics – ‘The EML Process’ –a low cost atmospheric leaching process. Green products for a green future As mentioned earlier, The EML Process is the first of its kind in green technology in nickel processing. "The low environmental impact either locally or globally of the EML process not only produces products green in colour (nickel), but green in nature to promote the ever-increasing demand for battery and related metals to combat the continued burning of fossil fuels and consequent global environmental pollution."  The EML Process was developed in the Philippines. It is an atmospheric leaching process (done at room temperatures and pressure) adapted to treat all laterite nickel ores. (The two methods of atmospheric leaching done by EML are vat leaching and tank leaching.) Here are some key points: Test work undertaken in the Philippines leveraging off Cu, Au, Li and Ni experience “Closed system” with leached ore placed back into mined-out areas –no emissions to land, air or water Lowest carbon footprint and environmentally the “greenest” of all Ni technologies Disruptive technology with lowest capital cost in the industry at Does not require a power station  "The EML Process is not only simple and safe but provides an environmental solution to the laterite nickel industry hitherto much maligned for its poor environmental rehabilitation performance, excess CO2 emissions and excess waste generated." “The principals behind Electric Metals Limited have developed an innovative leaching process to treat tropical nickel laterites, both saprolite and limonite ores. The process can also be applied to other ores of lithium, copper gold, uranium etc.” “The leach process has industry lowest capital costs and is environmentally far superior to the more complex and expensive technologies such as the High Pressure Acid Leach (HPAL) and Rotary Kiln Electric Furnace (RKEF) processes.”  The three essential steps in the EML Process include: 1. Leaching of the laterite ore: Mined ore is contacted with dilute sulphuric acid to dissolve the nickel & cobalt (as well as other metals like aluminium, scandium, manganese, etc). 2. Metals Recovery: Solutions containing the metals of interest are treated to recover the contained nickel & cobalt initially, as a mixed hydroxide product containing 35% to 55% nickel and 1% to 3% cobalt. 3. Neutralization: Leached ore is washed and neutralised prior to being returned to the mined-out open pit. The leached ore residue is non-toxic and chemically inert and suitable for revegetation or agriculture. In summary, while the issue of nickel processing and environmental concerns may be a topic of debate among environmental activists and industrialists, the solution lies in having a gamechanger in the nickel processing arena. Today, we now have a low-cost and environment-friendly nickel processing method called The EML Process. This offers a promising future in the industry and for the environment as well. ----- Acknowledgement: Thank you to Mr George Bujtor of Electric Metals Limited. ----- Reference:  Bujtor, George. (11 Sept. 2019). “Philippines: Regulatory Update and the Potential of the Philippines Laterite Ore -- How the Philippines was Surpassed by Indonesia in the Laterite Nickel Industry”. Presented at Asian Nickel Conference 2019, Jakarta Indonesia  Retrieved from Electric Metals Limited website - https://electricmetalsltd.wordpress.com/  Bujtor, George and Wallwin Peter. (02 May 2020). “The EML Process”. Electric Metals Limited investor flyer. Photo credit: Marcelle P. Villegas, Philippine Resources Journal
Marcelle P. Villegas - June 08, 2020
PH Mineral Reporting Code and Its Relevance to PH Minerals Industry
Atty. Dennis A. Quintero, PABC Chair - Presenting the Brief History of Philippine Mineral Reporting Code (PMRC) at the "Focus Group Discussion on the Philippine Mineral Reporting Code and Its Relevance to the Philippine Mineral Industry", Sofitel Philippine Plaza Manila - 10 Sept. 2019 (Photo by Marcelle P. Villegas, Philippine Resources Journal) By Marcelle P. Villegas When the Chamber of Mines of the Philippines organised their annual Mining Philippines last year in September, one of the most important parts of their three-day international conference and exhibition took place on its first day at the Sulu Room of the Sofitel Philippines Plaza Manila. It was a small gathering in a separate venue outside of the main conference -- the “Focus Group Discussion on the Philippine Mineral Reporting Code (PMRC) and Its Relevance to the Philippine Minerals Industry”. Although the discussion took place last September, the further development of the PMRC is something to look forward to this year and perhaps even the following year. The Philippine Mineral Reporting Code or the “Code” was created to set out minimum standards, recommendations and guidelines for Public Reporting in the Philippines of Exploration Results, Mineral Resources and Ore Reserves. “The Code was formulated with the intent of setting minimum standards for public reporting on minerals that is compatible with global standards. The formulation of the PMRC relied on the international codes from Australia, South Africa, European Union and Canada,” according to the Philippine-Australia Business Council (PABC). The closed-group discussion was moderated by Atty. Ronald S. Recidoro, COMP Executive Director. Atty. Dennis A. Quintero (PABC Chair and Meeting Chair) started the event with an “Introduction of Meeting Attendees and Brief History of PMRC”. "The idea of having a Philippine Mineral Reporting Code started during one of the mining roadshows in Australia, participated in by representatives from the Philippine-Australia Business Council. Back then, the Chairman was Atty. Leo Dominguez and the delegation was composed of the various mining industry stakeholders like the Chamber of Mines and also the Philippine Stock Exchange. And the idea came up that if Australia has its JORC (Australasian Joint Ore Reserves Committee), and [thought of] the idea for the Philippines to have its own as well. And that's how the idea of having PMRC came about,” said Atty. Quintero. Organizations that were involved in the promulgation of the PMRC back in 2007 were Philippine Minerals Development Institute Foundation, Philippine Society of Mining Engineers, Geological Society of the Philippines, Society of Metallurgical Engineers of the Philippines, Mines and Geosciences Bureau, Philippine Stock Exchange, Board of Investments, Chamber of Mines of the Philippines and Philippine-Australia Business Council. The Secretariat Head of the Geological Society of the Philippines CPAC, Engr. Ramon N. Santos reported on the “Basics of the Philippine Mineral Reporting Code 2007 and Its Implementing Rule and Regulations”. Mr. Joey Nelson R. Ayson (PMEA President) reporting on “PMRC: Updates and Relevance to the Mineral Industry”. Other speakers were (top left - right) Engr. Roger A. De Dios (PSEM National President) and Mr George B. Baquiran (GSP CPAC Chair) (Photo by Marcelle P. Villegas, Philippine Resources Journal) Engr. Juancho Pablo S. Calvez, Chief Metallurgist of the Mines and Geosciences Bureau and Member of the PRC Board for Metallurgical Engineering gave a rundown of the PMRC Committee Role and Composition. This was followed by a discussion on the Committee for Mineral Reserves International Reporting Standards (CRIRSCO) and International Reporting Codes by Mr George B. Baquiran. He is the Chairperson of the Geological Society of the Philippines - Competent Person Accreditation Committee (GSP CPAC) and PMRCC Standards Committee Chair. PMEA President, Mr Joey Nelson R. Ayson reported on “PMRC: Updates and Relevance to the Mineral Industry”. Included in his report is the CRIRSCO Membership Update (Task Force of International Council for Mining and Metals - ICMM): ● Feb. 23, 2019 - CRIRSCO-PMRCC MOU signed ● March 2019 - PMRCC-CRIRSCO Working Group formed ● Sept. 9-11, 2019 - Annual CRIRSCO Meeting in Washington D.C., U.S.A. ○ PMRCC Executive Committee attended (Jun Angeles and Jake Foronda) ● Proposed Timeline for PMRCC to become a CRIRSCO member ○ Aim by third quarter of 2020 ● Upgrading PMRC 2007 according to the CRIRSCO Reporting Template 2019 ○ Approved PMRC Code aim by second quarter of 2020 Mr Ayson also reported the “Bases for PMRC Review/Upgrade” wherein the primary basis is the CRIRSCO International Reporting Template 2019, and the secondary bases are JORC 2012 and NI 43-101. In conclusion, he stated the PMRC and PMRCC relevance to the Philippine minerals industry, namely: ● To protect investors in mineral exploration and mining ● To protect the capital markets from fraudulent practices ● To promote a common understanding in reporting mineral assets ● For our Philippine Stock Exchange (PSE) to be world class in attracting mineral investments, both domestically and internationally. PMRC Committee’s Relevance: ● Need for a Philippine-wide National Reporting Organization (NRO) to monitor the effectiveness and relevance of the PMRC and subject the PMRC to periodic reviewers ● Growing importance of compatibility and substantial equivalency with other international reporting codes ○ It is important to be a CRIRSCO member to ensure that PMRC Code will always be at par with the CRIRSCO family of internal reporting codes. Finally, the Open Forum was conducted by Engr. Roger A. De Dios, PSEM National President.
Philippine Resources - June 08, 2020
Responding to COVID-19 in the Mining Industry
By Patricia A. O. BunyeOn 08 March 2020, the Philippine Government declared a State of Public Health Emergency throughout the entire archipelago in light of confirmation of the local transmission of COVID-19. All government agencies and local government units were tasked to assist, cooperate and mobilize resources to undertake critical, urgent and appropriate responses to address the exigencies of the situation. Since then, government agencies have been releasing the appropriate issuances to implement measures to combat the spread of COVID-19 and adapt to the crisis.The Mines and Geosciences Bureau (“MGB”), the government agency responsible for the conservation, management, development and use of the country’s mineral resources, likewise issued several memoranda instituting various measures to respond to the COVID-19 crisis, including realignment of funds, extension of deadlines, adoption of alternative work arrangements and implementation of safety protocols for operations in the mining sector. Realignment of Social Development and Management Program BudgetIn a Memorandum dated 27 March 2020, the MGB authorized mining companies to re-align unutilized funds from their Social Development and Management Program (“SDMP”) to assist host and neighboring communities around mining projects, as well as the non-impact barangays in their respective localities, until the threat of COVID-19 has abated. The principal objective of the re-alignment is to make use of the unutilized SDMP funds for the social amelioration of communities around the mining projects through the provision of health or hygiene kits and food packs in order to efficiently and timely respond to the needs of the communities to combat COVID-19. As of 27 May 2020, approximately Php297 million of the SDMP budget has been utilized to aid the concerned frontliners and households. Extension of DeadlinesAside from food and medical provisions, the MGB also provided legal relief by relaxing the rules on submission of documents and payment of fees, taking into consideration the logistical, social and economic difficulties encountered as a result of quarantine measures. In this regard, the MGB issued a notice allowing the extension of deadlines of the submission of reportorial requirements and proof of payment of occupation and other regulatory fees as prescribed under the Mining Permit/Contract up to 30 June 2020, or up to the immediate submission date when the pertinent quarantine is lifted. Protocols for the Resumption of Mining and Mineral Processing Operations under General Community Quarantine (“GCQ”)Following the recommendation of the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (“IATF-MEID”), the Philippine Government announced on 28 May 2020 that Metro Manila, along with other regions classified as low-risk and high-to-moderate risk areas for coronavirus transmission, would transition from a strict lockdown under the Enhanced Community Quarantine (“ECQ”) to a less stringent GCQ beginning 01 June 2020. While movement and transportation is limited under both quarantine protocols to avoid the further spread of COVID-19, the transition from the stringent measures of ECQ to the relaxed measures of GCQ is expected to benefit the economy and the workforce as it allows for the reopening of several industries previously ordered closed under ECQ for not being essential industries. With the easing of quarantine measures in most parts of the Philippines to support the economy, the mining sector and other select industries are now allowed to operate at limited or full capacity. However, since the threat of COVID-19 transmission is still present as cases continue to rise every day, operations of industries are allowed but remain subject to the condition that they follow strict safety protocols. In line with this, the MGB has released guidelines for the resumption of mining and mineral processing operations under GCQ under Memorandum Order No. 2020-004. Workforce and Working ArrangementsUnder the guidelines, a workforce anywhere between 50% up to full operational capacity at the mine/plant site shall be allowed, without prejudice to work from home and other alternative work arrangements. In order to determine who will be required to report for work, mining contractors or permit holders are mandated to conduct personnel profiling in accordance with the IATF-MEID guidelines. Employees not allowed to report for work or those who are prescribed to be on self-quarantine shall be subject to special work arrangements, such as work from home. Responsibilities of Mining EmployersAside from personnel profiling, mining contractors or permit holders are also required to provide for the necessary medical equipment and supplies, such as thermal scanners, masks, gloves, and hand sanitizers, as well as transportation to and from mine and plant sites and accommodation for employees residing five (5) kilometers away from the mine or plant site in order to reduce exposure to the virus and protect the workers from infection. To further ensure the safety and health of the mining workforce, mining contractors or permit holders are also enjoined to observe strict sanitation and physical distancing measures. Guidelines for shipment of minerals and mineral products In cases of shipment of minerals or mineral products, supplies and materials, the guidelines require that cargo vessels shall undergo a 14-day quarantine beginning from the time of its departure at the last port of call.No vessel crew may be allowed to disembark from the vessel and only personnel authorized by the Philippine Ports Authority and cleared by the Quarantine Medical Officer may board the vessel subject to observation of a “no contact” policy within the vessel. Additionally, miners are enjoined to follow measures to contain the spread of the disease, such as (a) submitting a Shipment Report containing the information on the crew list, the port of origin and the COVID-19 test results of the crew; and (b) passing through holding/disinfection areas for persons who shall board and disembark from the vessel.The guidelines, as well as the other measures implemented by the MGB, address the immediate impacts of COVID 19. In the longer term, mining companies need to consider the opportunities and risks arising from this crisis. While for some commodities, the short-term market demand may be low, other commodities like gold typically benefit in times of high uncertainty. Another so-called silver lining for the industry is the lower cost of energy, which usually constitutes 20-25% of operating costs.During this period, companies are also like to respond by rationalizing or streamlining their operations and their workforces, including automating more functions and processes. They will also be called upon to provide services, particularly in health care, to the host and neighboring communities ‘above and beyond compliance’ as these communities are often already underserved by the government.More than simply adapting to the crisis, mining companies are challenged to respond with resilience, particularly in navigating new or increased legal or financial risks. It is a brave new unprecedented world for us all, where only those who can embrace change will survive.Patricia A. O. Bunye is a Senior Partner at Cruz Marcelo & Tenefrancia where she heads its Mining & Natural Resources Department and Energy practice group. She is also the Founding President of Diwata-Women in Resource Development, Inc., a non-government organization advocating the responsible development of the Philippines’ wealth in resources, principally, through industries such as mining, oil and gas, quarrying, and other mineral resources from the earth for processing.
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Philippine Resources - May 23, 2023
MEMORANDUM OF AGREEMENT SIGNED WITH TVI RESOURCE DEVELOPMENT (PHILS.) INC.
Photo credit: TVI Resource Development The Board of RTG Mining Inc. is pleased to announce that a comprehensive settlement of all outstanding issues with the Villar Family controlled Sage Capital and TVI Resource Development (Phils.) Inc. (“TVIRD”) has been reached and a binding Memorandum of Agreement signed. On execution of the final documents, expected in the next month, all litigation that RTG had launched will be withdrawn as part of an agreed restructuring of the Mabilo Project. The Villar Family is one of the most prominent families in the Philippines and RTG is pleased to partner with them in the development of the Mabilo Project, which is a significant mining project for the country. The key terms of the agreement for RTG include the following: RTG (through SRM Gold Limited) will retain a 40% interest in Mt. Labo Exploration and Development Corporation (“Mt. Labo”) with the project also developed by Mt. Labo, in line with Philippine regulatory requirements, with Sage Capital (which is owned by TVIRD) holding the remaining 60%; RTG will have a 2% net smelter royalty (“NSR”); RTG’s debt together with interest, currently in the order of US$27M (subject to audit) will be repaid out of the proceeds of Stage 1 of the project, the Direct Shipping Operation subject to customary requirements to address liquidity and ongoing operations of Mt. Labo; Funding arrangements for the project as between the major shareholders of Mt. Labo have been successfully renegotiated, (relieving RTG of a sole funding obligation) and replaced with a pro-rata funding obligation, together with a disproportionate funding obligation of Sage Capital, as set out below; With debt repayments in full and the NSR, RTG will be entitled to approximately 57% of the proceeds of Stage 1, the Direct Shipping Operation; RTG will be entitled to 40% of the operating cashflow of the project, together with the 2% NSR and repayment of its debt, which is currently in the order of US$27M; The first US$5M of expenditure for Mt. Labo (or 12 months of expenditure, whichever occurs the earlier), will be funded pro-rata between the two shareholders (ie RTG will provide 40%) and thereafter, Sage Capital/TVIRD will sole fund the next US$5M of expenditure, with all additional funding thereafter to be provided on a pro-rata basis; All parties are required to act in the best interests of the project and not compete; A shareholders’ agreement will be finalised which will provide typical minority interest protection clauses including reserve matters for voting including annual budgets and appointments of key personnel; Any disputes will be resolved by the Singapore International Arbitration Centre; and On completion of final signed documents, all litigation matters will be withdrawn and settled in full. With the restructuring of the Mabilo Project now agreed, over the balance of this year, the remaining permitting matters and financing plans will be finalised, a review of the 2016 Feasibility Study will be completed, together with finalising the acquisition of surface rights, following which, a commitment to development will be formalised by the Board of Mt. Labo. RTG is pleased with the outcome of the discussions and the co-operative and constructive approach adopted by the Villar Family representatives. RTG believes they can be a strong and positive partner to work with to take the Mabilo Project forward, with both a near term development and future exploration activities to expand the project, which will start to unlock the value of the project for all stakeholders, not only the local communities but for the country as a whole.
Philippine Resources - May 22, 2023
Mining Operational Excellence Through Digital Transformation
Part 1: Mining Operation Challenges and Mine Operations Management Domains 1 & 2. By Mae Ann Cabasag, EM Mining companies encounter numerous challenges throughout their operations. However, initiatives to mitigate these challenges and improve efficiency are often limited. Most of these limitations emanated from a common factor: the challenge of “poor visibility” in mining operations. A viable solution is to adopt digital transformation in mining operations by incorporating available real-time data into an integrated system— capable of ensuring automatic updates and reliable source of information. Through this, mining companies not only understand simulations and plans developed but also anticipate potential outcomes. Various mining industry analysts have found that using non-digital methods in the mining operations can lead to a 27% reduction in production time and 25% increase in data inaccuracy. For a mining company to remain competitive in an industry susceptible to operation challenges, i.e. production processes, workers’ and equipment performances, ore quality and quantity, compliance to regulations, and inter-departmental collaboration, it needs to embrace digital transformation. Dassault Systèmes Mine Operations Management provides transformative digital solution for mining companies to achieve excellence in their operations. Mine Operations Management (MOM) equips mining companies with an integrated system for their mining operations, enabling them to achieve efficient plan and schedule. This system integrates entire operation data into a single repository source of information, known as the “single source of truth”, ensuring complete transparency of the company’s processes from mine to port. By leveraging MOM, we can address the following global mining industry challenges: Maintaining competitiveness amidst market volatility. Eliminating waste materials, poor communication, and error duplication. Improving site productivity and efficiency. Utilizing assets and sharing best practices across the value chain. Ensuring an utmost level of safety. Reducing environmental impacts and achieving sustainable operations. The transformative digital solution, Mine Operations Management, is composed of eight work packages, split across four domains, namely: Data Management, Material Reconciliation, Operational Control, and Assets Performance. These domains help generate valuable insights from integrated operational data for rapid and informed strategic decision-making. The Data Management consists of Master Data Model and Integration Framework packages essential for material tracking, stockpile management, task and workforce management, machine performance, and asset maintenance. It enables users to manage master data objects such as Site, Material, Location, Equipment, and Operator through manual data entry or third-party source systems. With this, mining companies can ensure efficient and integrated management of critical data required for seamless operations. Material Reconciliation, on the other hand, consists of Material Tracking and Stockpile Management packages. Material Tracking enables us to track material movements across different stages, i.e. from the least accurate grade estimated in geological model to the most precise information on shipped material quantity and quality, to account for any inaccuracies. While in the Stockpile Management, users not only can calculate daily stockpile balance, add Survey or Sampling data, analyze inventory levels and trends, create graphical representation of the stockpile balances and movements, calibrate stockpile using volumetric survey and sampling, enables comparison of different models, track movement genealogy and review stockpile slices for stockpiles with LIFO and FIFO calculation type but can create a different type of analysis such as actual vs plan vs model. In the upcoming article, we will explore the two remaining domains of Mine Operations Management to where assigning operational tasks, tracking compliance to plan, monitoring equipment down to workers’ performance are feasible in the mining operations. To know more about MOM, mining innovations and solutions, contact Dassault Systèmes Value Solutions Partner: Paramina Earth Technologies Inc. through firstname.lastname@example.org References: Make it happen for mine execution excellence: Dassault Systèmes®. MEGATrends. (n.d.). https://events.3ds.com/make-it-happen-for-mine-execution-excellence Dassault Systèmes. (2021, August 12). Digging deeper: The virtual solution for Mining Operational Excellence. Dassault Systèmes. https://discover.3ds.com/virtual-mining-operational excellence dassault3ds. (2022, June 16). The mining industry needs to adapt, but how? Dassault Systèmes blog. https://blog.3ds.com/brands/delmia/the-mining-industry-needs-to-adapt-but-how/
Philippine Resources - May 22, 2023
Customer’s First Choice: Sandvik Philippines Delivers 11th and 12th Pantera DP1500i Drills to Filminera Resources Corporation
Sandvik Philippines has successfully commissioned and delivered to loyal customer Filminera Resources Corporation (“Filminera”) their 11th and 12th Pantera DP1500i Top-hammer Surface Drills last 25 January 2023 at the Masbate Gold Project (MGP) located in Masbate Island, Philippines. Photo shows Sandvik Technician Larry Lugnas (second from left) and Service Operations Manager Jorge Cabello (third from left) handing over the drills to MGP representatives. Located 360 km southeast of Manila, the Masbate Mine is operated by Filminera, the Philippine subsidiary of TSX- and NYSE-listed B2Gold with headquarters in Vancouver. In 2022, the mine produced a record-setting 212,728 oz of gold out of 7.93M tonnes of ore milled at an average grade of 1.11 g/t. B2Gold also operates the Fekola Mine in Mali and the Otjikoto Mine in Namibia. Their projects under development include the Anaconda Area in Mali and the Gramalote JV Project in Colombia. The Masbate Mine started operating in 2008 initially using 4 x Atlas Copco ECM660 Drills owned and operated by the erstwhile mining contractor, Leighton. When the opportunity for re-fleeting came about in 2012, Sandvik succeeded in winning the tender which came packaged with a full maintenance contract for 24,000 service meter hours of five years. Ironically, the said maintenance contract almost led to the cancellation of the order for the first 4 x DP1500i due to a dispute with the rates. Eventually, both Leighton and Sandvik were able to arrive at a mutually acceptable arrangement, and Sandvik ran the service contract for five years without incurring penalties in the availability guarantees. The contract was so profitable, Sandvik even had to share some of the residual profit at the end with Filminera under the pain-and-gain proviso of the contract. The next re-fleeting opportunity came in 2017, with the Masbate Mine. This time, there was no service contract attached to the equipment and Leighton was no longer the mining contractor; the mine has shifted to owner-miner operation. Sandvik managed to secure the repeat order for another batch of 4x DP1500i, banking on the proven performance and reliability of the first four. That brings the total to 8 units. Drill numbers 9 and 10 were ordered in July 2020 and delivered in 2021. Numbers 11 and 12 in the photo above were ordered in January 2022 and are now handed over to the customer. Filminera ordered two more DP1500i’s in November 2022; these machines are now awaiting completion in Tampere, for delivery later this year. That should bring the total to 14 x DP1500i units spread over 11 years for our most loyal Pantera DP1500i customer in the Philippines – Filminera Resources Corporation!
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