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DENR lifts ban on DMCI mine

The Department of Environment and Natural Resources lifted the suspension on mining operations of Zambales Diversified Metals Corp., a mining asset of DMCI Holdings Inc.

DMCI said in a disclosure to the stock exchange ZDMC received the resolution dated Sept. 30, 2019 issued by the DENR, which ordered the lifting of the suspension of ZDMC’s mine operations.

ZDMC, whose mine is located in Sta. Cruz, was among the nine companies whose operations were suspended following a mining audit conducted by DENR.

DMCI Mining president Cesar Simbulan Jr. said in August that ZDMC already complied with the conditions set by the DENR for the lifting of its November 2018 suspension order.

ZMDC is one of the two mining assets of DMCI Mining. The other one is Berong Nickel Corp. which has operations in Palawan.

DMCI Mining earlier reported that it shipped 343,000 wet metric tons of nickel ore in the second quarter of the year raising its total shipment in the first semester to 681,000 WMT, a 41 percent increase from the 483,000 WMT it shipped a year ago.

Topics: Department of Environment and Natural Resources , DENR , Zambales Diversified Metals Corp. , DMCI Holdings Inc.
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