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Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Cunt of a Philippine minister bans new open-pit mines worth $8 bn Fri Apr 28, 2017 11:40 pm | |
| Philippine socialite-turned-environment minister Regina Lopez caused ire in the mining industry Thursday by announcing a ban on new open-pit mines, a move that threatens over eight billion dollars in investments.
Lopez, who has already ordered the closure of 23 mines this year, told reporters she would not allow any new open-pit mines to operate, even those that gained government approval before she assumed office.
"Don't come here. Don't even apply. Go away. Go to another country," she told prospective open-pit miners.
"The history of mining in the country shows that most, if not all open pits have ended up as perpetual liabilities, causing adverse impacts to the environment," a copy of her order said.
The Philippines is the world's top supplier of nickel ore and main exporter to China.
Her special assistant, Leo Jasareno said the Lopez decision directly affects three major mining ventures worth a combined $8.9 billion that have been approved by the government but have not yet begun operation.
Industry officials slammed the order as "absurd", arguing Lopez does not have the authority to act unilaterally.
https://au.news.yahoo.com/world/a/35188869/philippine-minister-bans-new-open-pit-mines-worth-8-bn/#page1 |
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