Miners left reeling as Philippines suspend three-quarters of mines

Original article by Peter Ker
The Australian Financial Review – Page: 13 : 28-Sep-16

Shares in OceanaGold were suspended from trading on 27 September 2016. The stock had fallen in response to reports that its Didipio mine in the Philippines may be one of 20 that could be forced to halt production after failing an environmental audit. OceanaGold has advised the market that the mine is still operating and the company has not received any formal communication from the Philippines Government regarding the status of the mine. Just 25 per cent of the mines in the Philippines are believed to have passed the audit.

CORPORATES
OCEANAGOLD CORPORATION – ASX OGC, RED 5 LIMITED – ASX RED, WESTERN AREAS LIMITED – ASX WSA, INDEPENDENCE GROUP NL – ASX IGO, PANORAMIC RESOURCES LIMITED – ASX PAN