GB, JDVC aim for smooth mining operations
JDVC is the Philippines’ first large-scale offshore mining company that focuses primarily on magnetite (or Fe3O4) mining. CONTRIBUTED PHOTO
BY LEANDER C. DOMINGO
TUGUEGARAO CITY (April 1, 2023)—To avoid a possible repeat of the Oriental Mindoro oil spill, the Mine Rehabilitation Fund Committee (MRFC) of Region 2 (Cagayan Valley) called for a meeting to coordinate with offshore mining company JDVC Resources Inc. for a smooth operation in the waters off Cagayan province.
According to the Mines and Geosciences Bureau (MGB) briefer, JDVC is the Philippines' first large-scale offshore mining company that focuses primarily on magnetite (or Fe3O4) mining, operating in Cagayan's coastal towns. It has an area of 1,902.59 hectares located 14 kilometers offshore from the municipality of Gon...