Lepanto Mining in Mankayan among mines ordered for suspension by DENR

Photo: lepanto website

Lepanto Consolidated Mining Company located in Mankayan Benguet is among the several mining companies in the country ordered for suspension by Department of Environment and Natural Resources (DENR) secretary Gina Lopez.

DENR Sec. Lopez on Thursday said she was suspending and closing operations of several mines due to violations of safety standards.

Among the lists of mining companies with environment certificate ordered for suspension are OceanaGold in Nueva Viscaya, CitiNickel Mines and Development Corporation in Narra, Palawan, Beron Nickle Corporation in Quezon, Palawan, and Ore Asia Mining and Development Corporation in Bulacan.

Meanwhile, Sec. Lopez ordered the closure of four mining operations namely the Benguet Nickel Mines, Eramen Minerals Inc., Zambales Diversified Metals Corporation and LNL Archipelago Mining Corp due to report that these mining operations has destroyed watersheds in the area.

Lepanto Mining which is listed in the Philippine stock exchange suffered a beating today with a price of .20 going down to as low as .17 with a decline of about 14 %.

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