MICC to conduct 2nd round of audit of mining firms in July

July 9, 2019

The interagency Mining Industry Coordinating Council (MICC) is undertaking the second round of its “objective, science-based, and fact-finding” audit of mining operations in the fourth week of July, and expects this to be completed by January next year, the Department of Finance ( DOF) said Tuesday.

Finance Undersecretary Bayani Agabin said the second audit, which will cover 17 mining operations across the country, will be conducted by the same technical teams that undertook the first round of reviews last year covering 26 mines.

“The MICC will complete the review and management teams in the second and third week of July. We will tap around 15 experts from the same technical teams that did the first audit,” said Agabin, who chaired an MICC meeting at the DOF. 

Agabin said 15 experts will be grouped into three teams with five members for each panel, and will have senior and junior technical and research assistants to help with the audit. 

The review will cover the environmental, economic, social, legal and technical aspects of the mining operations, he said. DMS