The country's first large-scale offshore mining operation is set to start in January. The project, which will extract magnetite iron reserves in the seabed of Gonzaga, Cagayan, is being jointly developed by JDVC Resources Corp., a subsidiary of publicly-listed company Apollo Global Capital and food entrepreneur, Frank Lao of the Choi Garden restaurant group.
The project of JDVC Resources Corp. is said to be the first massive offshore magnetite mining in the Philippines. The firm is allowed to mine within an area of 1,092.59 hectares located 14 kilometers offshore from the town of Gonzaga. The DENR greenlighted the project last year, according to reports.
proposed "Cagayan Offshore Magnetite Mining Project" covering the 4,999.2358-hectare area of MPSA No. 338-2010-II-OMR-Amended A located in Gonzaga, Buguey and Aparri, Cagayan, allowing a maximum production rate of 1.3 million dry metric tons of magnetite iron sand concentrate per annum last May 20, 2016.
By Jed Macapagal - December 7, 2020 The country's first large-scale offshore mining operation is set to start in January. The project, which will extract magnetite iron reserves in the seabed of Gonzaga, Cagayan, is being jointly developed by JDVC Resources Corp., a subsidiary of publicly-listed company Apollo Global Capital and food entrepreneur, Frank Lao of the Choi Garden …
MANILA – Listed firm Apollo Global Capital Inc. (APL) said on Monday its mining subsidiary JDVC Resources Corp will start deep-sea mining of magnetite iron ore this February.. As the first large-scale deep-sea mining in the Philippines, JDVC secured all environment, mining and social permits, licenses and certifications, and has "secured satisfactory community …
By Jed Macapagal – December 7, 2020 The country's first large-scale offshore mining operation is set to start in January. The project, which will extract magnetite iron reserves in the seabed of Gonzaga, Cagayan, is being jointly developed by JDVC Resources Corp., a subsidiary of publicly-listed company Apollo Global Capital and food entrepreneur, Frank Lao …
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For years, illegal offshore mining for black sand or magnetite in San Vicente, Sta. Catalina, and Caoayan ran unabated, causing drastic changes in the landscape and lives of locals. Government agencies took years before paying heed to community pleas. Residents believe the action taken might have been too late.
Relation to Mining All monazite mining is focused on placer deposits because they are easier to mine and the monazite is often present in higher concentrations than in hard rock deposits. Other heavy minerals that accumulate with monazite include gold, platinum, magnetite, ilmenite, rutile, zircon, and a variety of gemstones.
JDVC has spent some P900 million to commence the commercial operations of what will be the country's first offshore magnetite iron mining project in Cagayan, according to APL. In a separate statement, Jun Herrera, the company mining consultant, said that the newly-built deep sea mining vessel has arrived in Cagayan and is currently taking ...
Preparation of Declaration of Mining Project Feasibility (DMPF) derived from Geological surveys, mining plan, EAI reducing it to a Technical Document. We facilitate Geophysical Seismic Bathy Surveys by RPS EXPLORER to determine the volume of sediments to be extracted on DREDGING DESILTING PROJECTS, Seabed Quarry Permit -SQP, offshore MPSA on ...
Under its Mineral Production Sharing Agreement (MPSA) with the Philippine government, JDVC is allowed to mine within an area of 1,902.59 hectares located 14 kilometers offshore from the municipality of Gonzaga, province of Cagayan. Its operations focus on the mining of magnetite, an iron-oxide mineral used to make steel and other products.
Detox: APL says mining magnetite iron off Cagayan will boost marine life February 9, 2021; Investors pick Apollo as unit's Cagayan offshore mining operations begin February 8, 2021; APL aims for P1B in re-IPO February 8, 2021; Mining Regulators to Closely Monitor Black Sand Extraction February 4, 2021; DBP finances iron ore mine January 3, 2021
Environmental groups also stressed that magnetite is toxic and that offshore mining may bring irreversible damage to the ecosystem. Research on the effects of deep-sea mining has been scant that even the 168-nation International Seabed Authority under the United Nations' Convention on the Law of the Sea – of which the Philippines is a ...