- OceanaGold (OGC) has revealed its close to getting its Financial or Technical Assistance Agreement (FTAA) renewed for its Didipio Mine in the Philippines
- Obtaining the FTAA is crucial as it will allow the company to begin mining again after local government officials and anti-mining protesters blocked access to the site
- The Philippine Government has advised Oceana that the FTAA is close to completion after the President’s office personally intervened
- The company said it has also received support from the local community to begin mining again, including those within the Indigenous Community
- An estimated 1500 workers have affected by the protests, including almost 500 permanent lay-offs
- Shares in OGC have surged a stunning 31.6 percent following today’s announcement, trading at $2.50 each
OceanaGold: Closes in on FTAA renewal, causing share price jump
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