|Project Details||The approval of the Mineral Production Sharing Agreement (MPSA) by the Department of Environment and Natural Resources (DENR) of the Philippine government was received by TVI Resource Development Phils. Inc., subsidiary of Canadian TVI Pacific. Inc., on October 23, 1996 . |
TVI Resource Development Phil. Inc., which is further involved in other mining projects in Mindanao, such as the Balabag mine , is a subsidiary of Canadian TVI Pacific. Inc. Among other shareholders is the Atlas Consolidated Mining and Development Corporation .
The Canatuan mine was the first mine operated by a foreign company, after the 1995 Mining Act .
(Note that in 2012, a moratorium on new mining concessions was ordered, which however did not affected ongoing concessions).
Total disclosed project cost was reported (2008) to amount to 57.57 million USD .
508.34 ha of the MPSA are located within the ancestral land domain of the Subanon, having a population of 330,000. The ancestral land domain title held by the Subanon covers 8,213ha .
Mining operation started in 2004 and ended in 2014. Between 2004 and 2008, a total of 105,000 ounces of gold and 1.8 million ounces of silver doré were produced by the Canatuan gold silver mine. This relates to gross revenues of USD 86 million .
Between 2009 and 2014; a total of 199,778 dry metric tons of copper concentrate and 40,548 dry metric tons of zinc concentrate for gross revenues of USD 393 million were produced by the Canatuan copper-zinc mine .
|Project Area (in hectares)||508,34 |
|Level of Investment (in USD)||57,570,000|
|Type of Population||Rural|
|Potential Affected Population||330,000|
|Company Names or State Enterprises||TVI Pacific Inc. (TVI) from Canada - mining, gold, silver, copper|
TVIRD Resource Development Phils. Inc. (TVIRD) from Philippines - mining, gold, silver, copper
Atlas Consolidated Mining and Development Corporation from Philippines - mining
|Relevant government actors||Department of Environment and Natural Resources (DENR) of the Philippine government|
|International and Financial Institutions||Metropolitan Bank and Trust Co. (Metrobank) from Philippines - banking, finance|
|Environmental justice organisations and other supporters||Apu Manglang Glupa’ Pusaka (AMGP); Gukom Sog Pito Kobogolalan Sog Pito Kodulongan (Gukom of the Seven Traditional Councils of the Seven Rivers); Pigsalabukan Bangsa Subanon (PBS) / Confederacy of the Subanon People; Legal Rights and Natural Resources Center/Kasama sa Kalikasan/Friends of the Earth Philippines (LRC-KsK/FOE Phils.); Tebtebba, Indigenous Peoples' International Centre for Policy Research and Education; Indigenous Peoples Links; Irish Centre for Human Rights; Save Siocon paradise movement|