Two major Philippine organisations have published a detailed summary of the extent of mining in their country, revealing the political and financial forces backing the industry, and the broad nature of resistance to it. “All forms of struggle, from parliamentary to armed action, grow stronger every year”, declare the authors. London-listed Anglo American and BHP Billiton have been among the mining companies involved in the Philippines. However, ” in the coming years, mining TNCs and the Arroyo government will not be the only main targets of the coming campaign. More and more campaigns will introduce private banks and financial institutions as the people’s adversaries. Private banks are now being exposed as the main providers of capital for mining TNCs, particularly the junior ones.”
See http://www.minesandcommunities.org/article.php?a=8998