OceanaGold Corp., a prominent mining company, announced on Sunday its plans to allocate P169 million this year for the construction of farm-to-market roads and multi-purpose buildings in the provinces of Nueva Vizcaya and Quirino. This investment aims to foster community development in the region.
In a significant move, OceanaGold Corp. has extended the coverage of its community development fund, expanding it from 44 to 52 barangays in 2024. This expansion stands as a testament to the company’s unwavering dedication to supporting local communities and contributing to their progress.
The funds will be utilized primarily for the construction of farm-to-market roads, which play a vital role in connecting agricultural areas with markets. These roads facilitate the transportation of goods, enabling farmers to bring their produce to a wider customer base and improve their livelihoods. By investing in these infrastructure projects, OceanaGold Corp. demonstrates its commitment to enhancing the region’s agricultural sector and uplifting the lives of farmers.
Additionally, the company plans to construct multi-purpose buildings that will serve as valuable community assets. These structures can be utilized for various purposes such as educational activities, healthcare services, and social gatherings. By providing the necessary infrastructure, OceanaGold Corp. aims to empower local communities, fostering an environment where individuals can thrive and access essential resources.
The decision to allocate a substantial amount of funds towards community development reflects OceanaGold Corp.’s proactive approach to responsible mining practices. The company understands the importance of creating a positive impact beyond the extractive activities associated with mining. By investing in infrastructure that benefits the wider community, OceanaGold Corp. strives to build sustainable relationships and contribute to the overall well-being of the region.
Moreover, this initiative aligns with the company’s broader corporate social responsibility (CSR) objectives. OceanaGold Corp. recognizes the significance of engaging with local stakeholders and ensuring that mining activities are conducted in a manner that respects the environment and the communities in which they operate. By actively supporting community development, the company aims to foster a harmonious relationship between mining operations and the surrounding communities.
In conclusion, OceanaGold Corp.’s pledge to allocate P169 million this year for the construction of farm-to-market roads and multi-purpose buildings showcases its commitment to community development in Nueva Vizcaya and Quirino. Through these investments, the company not only aims to enhance local infrastructure but also uplift the lives of residents by providing them with essential resources and opportunities for growth. This initiative exemplifies OceanaGold Corp.’s dedication to responsible mining practices and its determination to create a positive and sustainable impact in the regions where it operates.
