OceanaGold Philippines is facing a fresh legal headache weeks before launching its initial public offering. The Legal Rights and Natural Resources Center filed a case before the Bayombong Regional Trial Court seeking a legal review of the company’s mining contract that it alleged was illegally renewed, a report by the Philippine Star showed.
OceanaGold Philippines is set to launch the first mining initial public offering (IPO) in a decade, having received approval from the Philippine Stock Exchange to raise up to P7.9 billion.