VOL. 9 ISSUE 130 • THURSDAY, AUGUST 25, 2016
P 15.00 • 20 PAGES
www.edgedavao.net
EDGEDAVAO Serving a seamless society
VIOLATOR. City Transport and traffic Management Office (CTTMO) personnel unload a minivan from the agency’s towing vehicle at the CTTMO headquarters in Davao City yesterday. The said minivan was towed due to parking violation in Agdao. Lean Daval Jr.
COMVAL GOLD DOWN: GOV. UY BSP reports $145-M decrease in 2015 By JERMAINE L. DELA CRUZ
G
OV. Jayvee Tyron L. Uy has confirmed that Compostela Valley’s gold remittances to the Central Bank have declined. In 2015, the Nationwide Development Corporation’s King-king Copper-Gold Project in Compostela Valley recorded a $145-million decrease in production. One of the largest gold-copper deposits in the Philippines, the King-king project area in the mountains above the town of Pantukan on the Gulf of Davao has developed into a gold-rich por-
phyry copper deposit. In an interview with Edge Davao after the Declaration of Compostela Valley Province as a Conflict-Manageable and Development-Ready Area (CMDRA) on Tuesday, the governor expressed confidence that ComVal’s gold production industry will be able to bounce back after the slump it experienced. Gov. Uy is hopeful that the improvement of the peace and order situation in the area will serve as a springboard for more eco-
nomic opportunities in the region, particularly in the mining industry. The ability of the local government unit to manage conflict in the provinces with the implementation of the Comprehensive Local Implementation Program (CLIP) will help address security-related issues in the province, making mining areas more accessible to potential investors. Moreover, existing mining sites such as the Kingking Copper-Gold Project which have been listed as
one of the top priority projects by the Philippine Mines and Geosciences Bureau, can now be properly monitored with ComVal being declared as a CMDRA. “What I know is when it comes to the remittance sa Central Bank Wala ma’y problema since naa pa ta uban nga existing mines diri sa Compostela Valley (What I know is when it comes to the remittances with the Central Bank, we don’t have a problem since there are still existing mines in Compostella Valley),” assured Gov. Uy.
A steak for every Juan Indulge A1
Bringing science and technology to the fore Game Changers P7
EDGEDAVAO Sports Gilas now under young coach Reyes P15