C03334-2017 |
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Subject of the Disclosure |
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Receipt the Court of Appeals' Resolution dated March 22, 2017 by Benguetcorp Nickel Mines, Inc. (BNMI). |
Background/Description of the Disclosure |
The Company's subsidiary, BNMI, received the Court of Appeals' Resolution dated May 22, 2017 which denied the Petition for Writ of Kalikasan and the application for Temporary Environmental Protection Order (TEPO) filed by the anti-mining group, Concerned Citizens of Sta. Cruz, Zambales (CCOS). With the denial of the Petition, the writ of prohibitory injunctive provisional Writ of Kalikasan issued by the Supreme Court was lifted. |
Name of the court or agency in which the proceedings are pending | Court of Appeals |
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Date Instituted | May 20, 2016 |
Docket Number | CA-G.R. SP NO. 00032 |
Principal Parties |
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Petitioners are Concerned Citizens of Sta. Cruz, Zambales (CCOS), represented by their Chairperson, Dr. Benito E. Molino, et at, and residents of Infanta, Pangasinan. |
Nature and description of the legal proceedings |
Special Civil Action for the issuance of Writ of Kalikasan with prayer for the grant of a Temporary Environmental Protection Oder (TEPO) pursuant to A.M. No. 09-6-8 SC (Rules of Procedure for Environmental Cases) |
The effect(s) on the Issuer's business or operations, if any |
Denial of the Petition renders baseless the allegations of environmental damages under the Suspension Order dated July 7, 2016. |
Other Relevant Information |
None |
Name | HERMOGENE REAL |
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Designation | Corporate Secretary |