Cagas cites delays in mining project
MANILA, Philippines - Davao del Sur Gov. Douglas Cagas has expressed concern about delays in the Tampakan copper-gold project, the biggest investment to reach his province so far.
“I’m concerned about the delays in the project with the national government discussing policy and profit-sharing changes governing mining,” Cagas said.
Davao del Sur has a lot at stake with the proposed $5.9-billion mining project since the mine’s main infrastructure, including a concentrator, freshwater dam, and waste rock storage facility, will be constructed in the province, resulting in potential billions of revenue in terms of property and operational taxes.
Cagas has publicly declared support for the Tampakan mining project.
“For as long as Sagittarius Mines Inc., the government contractor for the Tampakan project, remains committed to their promise of responsible mining, I’m for this project,” he said.
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