Comval mining rivalry turns violent: 1 dead-A A +A
Wednesday, August 28, 2013
GOVERNMENT authorities assisted the Nationwide Development Corporation (Nadecor) in consolidating control of its mining operations in Pantukan, Compostela Valley province over the weekend.
This, after suspected armed personnel from the Jose Ricafort Group, a dissident minority shareholder in Nadecor, allegedly attacked Nadecor's security guards around 10 p.m. Saturday.
One person was killed while another was injured in the firefight between the two armed groups.
The fatality was identified as Ramil Puli, while a former soldier identified as Corporal Celis was injured after he was hit in the leg. Reports said Puli and Celis are members of Jose Ricafort Group.
Puli died after he was hit in the back, Pantukan police chief Clifford John Nabor said, adding that the victim may have been accidentally shot by his comrades when they attacked the Calalang Group camp.
Authorities responded to the area Sunday morning. Most of the attackers were no longer in the area except for the wounded and the dead.
Nadecor's licensed security agency has received assurances from the authorities that the government will help them to maintain peaceful control of the mining site.
The Jose Ricafort Group has continued to be at odds with Nadecor and is trying to gain control over the Kingking Copper and Gold Project in Pantukan.
The Court of Appeals (CA), in a decision dated February 18, recognized the Calalang Board and executives as the rightful group to represent Nadecor.
The challenge of dissident shareholder Jose Ricafort was thrown out by the CA, and the administrative complaint he filed against the CA justices who rendered the same decision, was dismissed by the Supreme Court by a vote of 15-0 on February 19.
Re-elected president Conrado Calalang, who leads the largest investor group and its independent shareholders, reported that foreign partner St. Augustine has made a significant new investment in Nadecor.
One of the largest shareholders in St. Augustine is Queensberry Mining and Development Corp. (Queensberry), the resource investment arm of the family of former senator Manny Villar.
Following its investment in May 2013, Queensberry now holds 18 percent of St. Augustine and has the option to increase its holding up to 32 percent.
Published in the Sun.Star Davao newspaper on August 28, 2013.