CANBERRA: The mineral-rich upland town of Kasibu in this province is richer by P276.9 million from payments of local business taxes by an Australian-Canadian mining firm from 2015 to 2018.
OceanaGold Philippines, Inc. (OGPI) started commercially operating its Didipio Gold-Copper Project here in 2013 after two decades of explorations.
Being host to the OGPI project, the Kasibu local government received from OGPI P276.9 million representing P76.5 million for 2015-2016, P92 million for 2017, and P108,461,475.96 for this year.
OGPI is mandated to secure a mayor’s permit to operate from the Kasibu local government and pay its local business taxes to the municipality.
Meanwhile, OGPI also paid a part of its real property tax obligation to the provincial government of Nueva Vizcaya a total of P102.81 million covering the period from 2015 to 2017.
