MINES AND GEOSCIENCES BUREAU
REGION V - BICOL


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AUSTRALIAN BANKERS VISIT LPI PROJECT SITE
by Dr. Elsa D. Rejoso

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Eight people from 3 international banks: ABN AMRO Australia Limited, Natural Resources Institutional Banking and Rotschild Bank; Australian based consulting firms NSR Environmental Consultants Pty. Ltd., and SRK Consulting visited the Rapu-Rapu Polymetallic Project of Lafayette (Phils.), Inc. last October 13, 2003. The group which is composed of financial managers, geologists and mining engineers, validated critical data in the Feasibility Study as well as the on-going activities in the area preparatory to the release of financing by the 3 banks.

 A sociologist who also came with the group met with the barangay chairmen of Pagcolbon, Malobago and Binosawan to gather information on the various concerns of the direct impact communities regarding the project.

On hand to brief the visitors on the role of government in the project are DENR officials RD Reynulfo Juan of MGB-5, RTD William Palaypayon of ERDS who represented the RED of DENR-5, Engr. Jason Magdaong who represented the RD of EMB-5, staff of MGB-5 namely Engrs. Sulpicio Bernardo III and Ricardo Nacional, Dr. Elsa D. Rejoso and Ms. Madelyn Domasig. LPI Managing Director Andrew McIlwain, Country Manager Roderick Watt and Project Engineer Rogelio Corpus took charge of showing the visitors around the development area and supplying them with all the necessary documents.

After the site visit the group met with Albay Governor Francis Al Bichara to get his views on the LGU role in the implementation of the project.


Republic of the Philippines - Dept. of Environment & Natural Resources -Mines and Geosciences Bureau Region V,

Address:Lucila Bldg. Baņag, Daraga, Albay | Telefax. No.(052)483-4958| Tel. No. (052)483-49-56| e-mail: denrmgb5@globalink.net.ph

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