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St. Augustine announces receipt of mine permit approval for the King-king Project from the Philippine Government
St. Augustine announces receipt of mine permit approval for the King-king Project from the...
About this update from St. Augustine Gold & Copper Ltd.
[{"type":"text","content":"\n\n\n\nSt. Augustine announces receipt of mine permit approval for the King-king Project from the Philippine Government\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSt. Augustine announces receipt of mine permit approval for the King-king Project from the Philippine Government\nCanada NewsWire\nHONG KONG, Jan. 6, 2016\n\n\n\nHONG KONG, Jan. 6, 2016 /CNW/ - St. Augustine Gold and Copper Limited (TSX: SAU) (\"St. Augustine\" or the \"Company\") announced today that the Mines and Geosciences Bureau (MGB) of the Philippine Government has approved the Declaration of Mining Project Feasibility (DMPF) for the King-king Copper-Gold Project located in Mindanao, Republic of the Philippines. The permit approval, which was awarded to St. Augustine's joint venture partner, Nationwide Development Corporation (NADECOR), is the last major permit required to initiate development, construction and operation of the King-king Mine. \n\nThrough the Order dated December 29, 2015, NADECOR has been authorized to proceed to the Development and Operating stages of its Mineral Production Sharing Agreement (MPSA) No. 009-92-XI which includes the extraction and sale of copper, gold and associated minerals within the 1,548-hectare (MPSA) area.  St. Augustine is the exclusive technical services provider of NADECOR.\n\nReceipt of the DMPF is a significant milestone, and coupled with the Environmental Compliance Certificate (ECC) issued in February 2015, enables St. Augustine and NADECOR to jointly begin development, construction and operation of the King-king Mine per approved plans and strategies.  \n\nThe DMPF approval was achieved subsequent to the receipt of the ECC.  The DMPF approval represents five years of comprehensive technical, environmental, social and community engagement efforts completed by NADECOR and St Augustine and related advisors.\n\nNADECOR President Conrado T. Calalang stated, \"I am exceptionally proud of this achievement and the diligent efforts made by the Project team and the MGB representatives, who reviewed and approved the Project designed to internation...