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PICOP Resources Inc. vs. Base Metal Mineral Resources Corp., 510 SCRA 400

PICOP RESOURCES, INC., Petitioner, versus BASE METALS MINERAL RESOURCES CORPORATION, and THE MINES ADJUDICATION BOARD, Respondents.

G.R. No. 163509 | 2006-12-06

THIRD DIVISION
 
D E C I S I O N 
 
 
Tinga, J.: 
 
PICOP Resources, Inc. (PICOP) assails the Decision[1] of the Court of Appeals dated November 28, 2003 and its Resolution[2] dated May 5, 2004, which respectively denied its petition for review and motion for reconsideration. 
 
The undisputed facts quoted from the appellate court's Decision are as follows: 
 
In 1987, the Central Mindanao Mining and Development Corporation (CMMCI for brevity) entered into a Mines Operating Agreement (Agreement for brevity) with Banahaw Mining and Development Corporation (Banahaw Mining for brevity) whereby the...