. 0ne closed down by the environment minister gina lopez.ed a month‘s law mining audit. the company‘s corporate manager says it has cut 1150 jobs. translation: as of this moment we don‘t have any operations and everyone is sad and looking for jobs elsewhere. gina lopez says the mines ordered closed have caused environmental damage along the coastline. there should be no mining in these areas because it will affect the quality of life there. she has promised aid for communities affected, saying eco— tourism, farming and forestry could offset the loss of the mines. what critics say gina lopez‘s decision will ruin the livelihoods of over 1 decision will ruin the livelihoods of over1 million people will wipe outjobs. the of over1 million people will wipe out jobs. the local union of over1 million people will wipe outjobs. the local union leader says he doubts of santa cruz could be transformed into a tourist destination that could compete with other popular islands in the philippines. translation: she is saying she can give jobs to those places

togoing back on its pledge shut more than half of the country's metal mines, gina lopez telling bloombergd must be given arrest. she insists the crackdown would get the backing of the philippine president, even if it hurt the economy or put all foreign investors. >> time would be happy this cut,. why should they come? you don't want those kinds of investors. we want investors who care about us and not the money they make. the government is supposed to play a balancing act. rishaad: you are watching bloomberg. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. we have the world of business covered. yousef: thanks. been told by sources that saudi aramco has picked four banks for its first bond sale. matthew, i just spoke with the petroleum, another example of a large, powerful, influential state owned gas company. when i mentioned bonds, he was surprised. they have the cash flow to finance whatever expansion they need. why does saudi aramco need to issue a bond? saudi aramco has a lot of thing on the cards. they are l