OCEANAGOLD Philippines, Inc. said on Monday that it paid P397.7 million in local business tax to three municipalities in 2025.
In a statement, the mining firm said it remitted local taxes worth P198.9 million to Kasibu, Nueva Vizcaya.
Local taxes worth P119.3M and P79.6M were also remitted to the municipalities of Nagtipunan and Cabarroguis, Quirino, respectively, it added.
The company said the towns sealed memoranda of agreement to allocate at least about P5 million from their tax collection to projects supporting environmental management, protection, and conservation. — Kyle Aristophere T. Atienza