Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks IPOs and placings
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Celsius Resources makes key application at Philippines project
(Sharecast News) - Celsius Resources announced on Monday that its Philippine subsidiary, Tambuli Mining Company (TMCI), had made a significant step forward by applying for a declaration of mining project feasibility (DMPF) for its Sagay Copper-Gold Project on the island of Negros. The AIM-traded firm said the application signified the presence of valuable minerals within the designated area, underscoring the company's commitment to recover the resources using socially responsible, environmentally sustainable, and economically viable methods.
It said the application encompassed a comprehensive set of key documents, including the mining project feasibility study report, the final exploration report, the environmental impact statement report, the environmental protection and enhancement programme, the final mine rehabilitation and decommissioning plan, the social development and management programme, and the care and maintenance programme.
The board said the plans and programmes were developed after extensive consultation with stakeholders, ensuring the integration of social and environmental safeguards while considering the local context.
Notably, the project had garnered endorsements from local government units within the host area in the form of resolutions that expressed no objection to its implementation.
"This is another achievement for Celsius' portfolio of assets in the Philippines," said executive chairman Julito 'Sarge' Sarmiento.
"As with the Maalinao-Caigutan-Biyog Copper-Gold project, we aim to develop the Sagay Project into a productive mine that would not only bring value to our stakeholders and shareholders but also showcase our commitment to sustainable and responsible mining practices.
"We are at such a critical and pivotal point in human history where the ongoing climate change emergency demands an accelerated transition away from fossil fuels to renewable energy, and a green economy would necessitate the extraction of more so-called green metals like copper."
Sarmiento said the company believed that mineral extraction must be done through innovative solutions, optimising benefits and avoiding adverse social and environmental impacts.
"We will work closely with the national and local government units as development partners to pursue shared goals."
At 1111 GMT, shares in Celsius Resources were up 3.6% at 0.65p.
Reporting by Josh White for Sharecast.com.
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity and Inclusion | Doing Business with Fidelity | Fidelity gender pay report | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.