𝐇𝐨𝐮𝐬𝐞 𝐒𝐥𝐚𝐦𝐬 𝐁𝐚𝐨 𝐂𝐡𝐢𝐜𝐨 𝐌𝐢𝐧𝐢𝐧𝐠𝐂𝐨𝐦𝐩𝐚𝐧𝐲 𝐰𝐢𝐭𝐡 𝐂𝐨𝐧𝐭𝐞𝐦𝐩𝐭

-For 𝐈𝐦𝐩𝐞𝐝𝐢𝐧𝐠 𝐋𝐞𝐠𝐢𝐬𝐥𝐚𝐭𝐢𝐯𝐞𝐅𝐮𝐧𝐜𝐭𝐢𝐨𝐧

The House of Representatives Joint Committee on Concessions & Investment, which was set up to conduct a comprehensive review of all concession agreements across the country, has slammed Bao Chico Mining Company’s management with contempt for impeding legislative functions.

The company was scheduled to appear before the committee for a public hearing last Friday,  March 22, 2025. However, the committee was met with an excuse letter from Bao Chico, which the committee has described as a “flimsy excuse.” The letter failed to provide a valid reason for the company’s absence and instead requested a postponement of the hearing by one month.

Notably, the letter lacked a clear name of the signatory, and only the position of “General Manager” was mentioned, further raising concerns regarding the company’s lack of transparency.

In response, the Joint Committee on Investment has expressed its disappointment, stating that Bao Chico Mining Company’s failure to appear before the committee was an act of disrespect and a deliberate attempt to undermine the legislative process. 

The committee has demanded that the company appear with its legal counsel on Tuesday, March 25, 2025, to show cause why they should not be held in contempt for impeding the legislative function.

The House of Representatives Joint Committee remains committed to its mission of ensuring transparency and accountability in all concession agreements and will take necessary actions to ensure all entities, including Bao Chico, comply with their obligations.