Tampakan mine (Photo courtesy by Alchetron)
By Cy Dizon
MANILA — Once copper-gold mining in Tampakan, South Cotabato is fully established, more than 20,000 farmers will benefit from it through the water impoundment dam that will supply water in different rice fields in the province.
The private mining company, Sagittarius Mines, Inc., promised to build a P400 million water dam project with the help of the National Irrigation Administration.
Some members of different farmers and irrigators’ organizations in the province cited that irrigation has been one of their problems since 1985 and allowing the mining company, will help them address it.
While the mining has yet to be operational, it has allocated millions of funds for education, health, agriculture, and livelihood projects that benefitted the residents of Tampakan and nearby towns.
The Tampakan Copper-Gold deposit is one of the largest undeveloped copper-gold deposits in the world and if developed has the potential to make a significant contribution to the Philippines’ economic prosperity and enable a better future for the people of southern Mindanao.
It has the potential to yield an average of 375,000 tons of copper and 360,000 ounces of gold in concentrate per annum over the proposed 17-year life of the mine. (ai/mtvn)