Economy



MGB extends mine rehab tie-up with South Korea’s MIRECO


Date issued: April 17, 2017


THE Mines and Geosciences Bureau (MGB) has extended its partnership with South Korea’s Mine Reclamation Corp. (MIRECO) to improve its capacity to undertake mine rehabilitation and reclamation projects.


In the memorandum of agreement (MoA) seen by BusinessWorld, signed on March 28, the partnership seeks “to promote joint collaboration in mine reclamation/rehabilitation and develop partnerships through cooperative activities between the parties.”

The MGB and the South Korean state-run corporation agreed to undertake projects to improving mine hazard management systems, policies and strategies, and upgrade the partnership in the field of risk assessment and preparation of environmental plans.

“The MoA is for joint cooperation in mine reclamation/rehabilitation, training, sharing of information and conduct of joint research,” said MGB Director Mario Luis J. Jacinto in a mobile message over the weekend.

“We expect very productive and meaningful cooperation and collaborative undertakings with MIRECO and explore joint projects in mine rehabilitation research and laboratory facilities with possible assistance from KOICA (Korea International Cooperation Agency),” Mr. Jacinto added.

The agreement is valid for five years and shall be automatically renewed unless one of the parties expresses a desire to terminate the deal.

The MGB’s ties with MIRECO date to 2006. -- Janina C. Lim


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