Listed holding company Abacore Capital Holdings Inc. struck a deal with Oriental Vision Mining Philippines Corp. (ORVI) to begin developing coal mines in an area spanning 3,000 hectares in Surigao del Sur, Mindanao.
Based on a stock exchange filing on Tuesday, subsidiary Abacus Coal Exploration and Development Corp. said the parties would commence an operating agreement for coal blocks 84, 85 and 86. Each block has a mining area of 1,000 hectares.
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https://business.inquirer.net/353512/abacore-seals-surigao-del-sur-coal-mining-deal#ixzz7ZovgcmeJ