Media
MCB Project granted priority status
Celsius Resources is pleased to announce that its Philippine subsidiary, Makilala Mining Company, Inc. (“MMCI”) has received priority project status for the Maalinao-Caigutan-Biyog (MCB) Copper-Gold Project from the Mines and Geosciences Bureau (MGB) Director Atty. Wilfredo G. Moncano in a meeting on 18 February 2022.
HIGHLIGHTS
- Celsius Resources’ Philippine subsidiary Makilala Mining presented the results of the technical studies of the Maalinao-Caigutan-Biyog (MCB) Project to the Philippine Mines and Geosciences Bureau (MGB).
- MGB Mining officials affirm mining potential and gave priority status to fast-track project approvals.
Celsius Resources is pleased to announce that its Philippine subsidiary, Makilala Mining Company, Inc. (“MMCI”) has received priority project status for the Maalinao-Caigutan-Biyog (MCB) Copper-Gold Project from the Mines and Geosciences Bureau (MGB) Director Atty. Wilfredo G. Moncano in a meeting on 18 February 2022.
MMCI’s management and technical staff presented the outcomes of the scoping study completed in December 2021 as part of the declaration of mine feasibility permitting process.
The MGB Officials were pleased with the progress of the project and appreciative of the social and environmental factors integrated into the mine design. The use of paste backfill underground, along with dry stacking of the mine tailings replacing the need for a tailings dam, greatly mitigated the downstream agricultural communities’ concerns as they had witnessed adverse environmental impacts back when the adjacent Batong Buhay Mine was in operation. The MGB officials also commended MMCI Team for their determination to move the project forward despite the most challenging conditions brought about by the COVID-19 pandemic and expressed their support to see the project through to operations.
At the conclusion of the presentation Dir. Moncano announced: “This project has significant potential, we will endorse it as a priority project to fast-track government approvals.”
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