The Mines and Geosciences Bureau X thru Regional Director Felizardo A. Gacad, Jr. approved the Industrial Sand and Gravel Permit Application of CAVDEAL-Cavite Ideal international Construction and Development Corporation after a deliberation and evaluation conducted on the submitted mandatory requirements provided under R.A. 7942 or the Philippine Mining Act of 1995 and DAO 2010-21, its Consolidated Implementing Rules and Regulations.
The approved area is situated in Barangay Banglay, Municipality of Lagonglong, Misamis Oriental containing an area of 96,857.63 sq. (parcel 1) and 21,353 sq.m. (Parcel 2) for the extraction and processing/crushing plant area, respectively. This ISAG Permit is the seventh (7th) permit in Region 10 specifically located entirely within the Province of Misamis Oriental.
The ISAG Permit legally allows the Permit Holder to extract, remove, and dispose sand and gravel and other unconsolidated materials authorized under RA 7942. This will be for the exclusive use of the Permit Holder for a period of five (5) years from the date of issuance and renewable for the same period for a total of twenty-five (25) years.
CAVDEAL-Cavite Ideal International Constructions and Development Corporation binds itself to pay fees, taxes and other obligations under existing laws, rules and regulations, Including an excise tax pursuant to Section 151 of the National Internal Revenue Code. Further, CAVDEAL commits to the compliance of its environmental and social obligations pursuant to DAO No. 2010-21.