CANADIAN gold mining company B2Gold Corp. plans to expand its operations within the Philippines, in keeping with the Trade department.
In a press release, the Department of Trade and Industry (DTI) said that it met with officials of B2Gold and its local partner, Filminera Resources Corp., to debate B2Gold’s plans to expand within the Philippines and its project in Aroroy, Masbate.
“B2Gold’s decision to expand its operations here reflects the arrogance that global investors have within the robust policies, strategic reforms, and highly expert workforce,” said DTI Secretary Ma. Cristina A. Roque.
“We warmly welcome this development because it highlights the Philippines’ commitment to constructing partnerships that promote sustainable economic growth and inclusive regional development,” she added.
The corporate is currently operating a gold mine in Masbate, which is about to succeed in its end of life. The corporate acquired its stake within the Masbate mine through a merger with CGA Mining Ltd. back in 2013.
“In mining, so that you can determine for those who can proceed mining and expand or look for extra sites to mine, it’s worthwhile to have extensive research and evaluation,” said Mario C. Tani, industrial counselor and trade commissioner on the Philippine Consulate General of Toronto, Canada, in a Viber message on Thursday.
“Often, this entails numerous hiring of local geologists and spending,” he added.
Based on the Trade department, the opening of the corporate’s exploration office was formally announced through the Team Canada Trade Mission last week.
B2Gold has cited the country’s strategic location and expert staff as amongst the explanations for the corporate’s success within the Philippines, in addition to six consecutive years of operation without workplace injuries or accidents.
“B2Gold has invested in expanding skills and livelihood training programs for local residents while providing employment to just about 2,000 direct and contract staff,” the DTI said.
“These efforts have contributed to Aroroy’s development from a fourth-class to a first-class municipality,” it added. — Justine Irish D. Tabile
