please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . may 2015 learn how and when to remove this template message oceanagold corporation type public traded as tsx ogc asx ogc nzx ogc industry gold mines founded 1989 headquarters melbourne australia key people mick wilkes ceo website www.oceanagold.com oceanagold corporation oceanagold is a canadian australian firm producing gold and copper . it has operations in new zealand and the philippines . the company is also looking to open mines in el salvador . ogc is its symbol on the toronto australian and new zealand stock exchanges . contents 1 history 2 operations 2.1 new zealand 2.2 philippines 2.3 el salvador 3 production 4 see also 5 references 6 external links history edit the company was founded as macraes mining company in 1989 after it had gained ownership of tenements from golden point mining and bhp gold mines . it started to open pit mine the macraes mine otago in 1990 . in 2003 the company incorporated and became oceanagold . a merger with climax mining took place in 2006 . in 2008 it opened frasers underground mine also in otago . 2 3 4 in 2013 oceanagold bought canadian mining company pacific rim mining corporation . 5 production in new zealand was reduced due to falling gold prices in early 2014 . 6 in 2015 newmont mining corporation s operations in waihi were purchased . 7 operations edit oceanagold corporation owns both producing and developing mines with operations on the south island of new zealand and development and exploration activities in new zealand and the philippines . citation needed new zealand edit oceanagold operates macraes mine and frasers underground in otago reefton mine reefton and martha mine waihi . macraes mine and reefton mine are open pit martha mine has a discontinued open pit . martha mine and frasers underground have operational underground mines . citation needed philippines edit oceanagold operates the open pit didipio mine in kasibu 8 nueva vizcaya philippines . located approximately 270 kilometres north of the philippine capital of manila on the island of luzon . the didipio mine workforce consists of 1 800 employees and contractors of which over 98 % are filipino nationals including more than 50 % from the local communities . citation needed . production started from april 2013 . the mine is producing 25 thousand tonnes of copper and 106256 ounces of gold annually . 8 in 2007 there were disputes over how the company gained permission to demolish houses on the proposed mining site 9 and whether a 680 000 was owned for a quarrying permit . 10 in early 2008 the nueva vizcaya provincial government severed temporary injunctions restricting further work . 9 11 oceanagold argued that the injunctions were illegal . in june the philippine court of appeals ruled in favor of the company issuing a 60 days temporary restraining order preventing the provincial government acting on its injunctions . environmental groups led by kalikasan people s network for the environment criticized the appeals court order the entry of oceanagold is the root cause of tension and violence among ifugao communities in dipidio . 11 as of 2008 update oceanagold had raised 200 million to develop its didipio mine . the mine was expected to produce 120 000 ounces of gold and 15 000 tonnes of copper concentrate a year in the first 10 years . 10 in 2011 philippine commission on human rights recommended the government to consider revoking the company s license due to its treatment of indigenous people . 12 el salvador edit in late 2013 oceanagold acquired pacific rim s interests in el salvador . a usd 300 million case is currently before a tribunal under the auspices of the international centre for settlement of investment disputes icsid . 13 the case concerns a planned gold mine project that was cancelled after el salvador instituted a moratorium on new mining projects citing environmental concerns . the legal basis for the case is a domestic investment law of el salvador after the tribunal declared it did not have jurisdiction under the cafta free trade agreement under which pacific rim s claim was originally brought . production edit year total gold oz total copper tonne 2014 14 307 463 25 010 see also edit gold as an investment otago gold rush references edit company profile for oceanagold corp ca ; ogc . retrieved 2008 10 15 . history . ocenanagold . retrieved 11 june 2015 . macraes pegs back lost time on new underground gold mine . mining web . retrieved 11 june 2015 . oceanagold and climax mining merger . scoop.co.nz . retrieved 11 june 2015 . lawsuit against el salvador mining ban highlights free trade pitfalls . the guardian . may 27 2015 . 100 jobs cut at otago gold mine . new zealand herald . retrieved 11 june 2015 . oceana gold buys waihi for 132.3 m . otago daily times . retrieved 11 june 2015 . a b didipio gold and copper mine . digiscend.com . retrieved 30 july 2015 . a b oceanagold wants money for being issued an injunction . center for world indigenous studies . retrieved 11 june 2015 . a b raju gopalakrishnan june 11 2008 . philippine court rules in favour of oceanagold . reuters . retrieved 28 may 2015 . a b group denounces order allowing resumption of nueva vizcaya mining . gma news . gma network . june 11 2008 . retrieved 28 may 2015 . philippine rights body wants oceanagold deal revoked . reuters . retrieved 11 june 2015 . see pac rim cayman llc v. republic of el salvador icsid case no . arb 09 12 on italaw.com for related documents oceana gold exceeds gold copper forecasts . otago daily times . retrieved 12 june 2015 . external links edit official site mining and agriculture in new zealand raising trout at macraes mine v t e gold mining companies of australia active allied gold avoca resources newcrest mining oceanagold oz minerals st barbara limited defunct great central mines normandy mining oxiana limited sino gold mining sons of gwalia wmc resources hill 50 gold mines ltd retrieved from https en.wikipedia.org w index.php title oceanagold & oldid 741154343 categories companies listed on the toronto stock exchangegold mining companies of australias & p tsx composite indexgold mining companies of canadagold mining companiescopper mining companieshidden categories articles needing additional references from may 2015all articles needing additional referencespages using infobox company with unsupported parametersall articles with unsourced statementsarticles with unsourced statements from may 2015articles with unsourced statements from june 2015articles containing potentially dated statements from 2008all articles containing potentially dated statements navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutsch edit links this page was last modified on 25 september 2016 at 18 55 . text is available under the creative commons attribution sharealike license ; 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