Philippine Bishops want Truth Commission vs environmental crimes
The Philippines has a new President. He is the son of the national heroine, ‘Cory’ Aquino. After the pro-mining policy of previous President, Gloria Macapagal-Arroyo, there are hopes that “Noynoy” (as he is popularly known) will literally bring in a new regime. He has promised a ‘Truth Commission’ over his predecessors’ corruption, and the Catholic [...]
Xstrata tries to get round opencast mining ban in Philippines
AMID keen interest by big firms in the country’s mineral resources, the Philippines Government has stepped into the controversy created by a local government unit’s (LGU) decision to ban open-pit mining in the southern Philippines. The Department of Environment and Natural Resources (DENR) said that President Benigno Aquino 3rd already gave the agency the mandate [...]
Toledo paves way for strategic alliance with China’s Jinchuan in Philippines
London-listed Toledo Mining Corporation Plc has signed a memorandum of understanding with China’s biggest nickel producer that should lead to a strategic alliance for the exploration, mining, processing and sale of nickel products from Toledo’s nickel interests on Palawan Island, the Philippines. See http://uk.ibtimes.com/articles/20100712/toledo-paves-way-for-strategic-alliance-with-chinas-jinchuan-in-philippines.htm.
Xstrata and partners in the Philippines
Indophil seeks new buyer for Tampakan copper-gold project INDOPHIL Resources is seeking a buyer for its stake in the Tampakan copper-gold project in the Philippines after China’s Zijin Mining Group abandoned a takeover bid for the company. There has been speculation that Swiss-based, London-listed miner Xstrata, which owns the remaining 62.5 per cent stake in [...]
Philippine province bans open-pit mining – affects Xstrata
The governor of the Philippine province of South Cotabato – where large-scale mining was formerly given high priority – has introduced legislation to ban it, thus joining provinces in Marinduque, Mindoro and Palawan. The government’s mining bureau is arguing that national law supersedes provincial law, although this is an issue that the courts may well [...]
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