Name of mining firm: Kromico Inc.
Location: Loreto, Dinagat Islands
Area: 757.12 hectares
Metals extracted/mine products: Chromite
Mining permit period: 2009-2034
Registration papers not available.
Financial statements not available.
STATUS OF OPERATIONS
In February 2017, then Environment Secretary Gina Lopez ordered the closure of 23 mines, including Kromico.
On Nov. 12, 2018, the DENR issued a resolution (1) partially granting the firm’s motion for reconsideration on the 2017 closure order; (2) suspending the operation of the company; and (3) directing the firm to do the following:
a. correct all violations and deficiencies; and
b. pay all fines and penalties immediately upon receipt of the resolution.
Municipality class of mining location: Loreto, Dinagat Islands (4th class)
Population: 9,309 (2015)
Poverty incidence rate: 36.6% (2015)
Human Development Index: No data available
IN THE NEWS
List of existing Mineral Production Sharing Agreements, Mining and Geosciences Bureau
Philippine Metallic Mineral Production, Mines and Geosciences Bureau
Poverty and socioeconomic indicators, Philippines Statistics Authority
Note: The Human Development Index is a measure of how well a country has performed, not only in terms of real income growth, but also in terms of social indicators that measure people's ability to lead a long and healthy life, acquire knowledge and skills, and have access to the resources needed to afford a decent standard of living. An HDI value below 0.550 is considered low and below 0.399 is very low. The national average for the Philippines is 0.718 as of 2020.
This article was produced with the support of Internews' Earth Journalism Network.— PCIJ, March 2021