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An Anarchist and Autonomous Community-Based Resource Center in Muntinlupa City (Manila south), Philippines

Glencore Xstrata ‘to pull out’ of Philippine mining project

Swiss mining giant Glencore Xstrata is expected to pull out of a $5.9 billion gold-copper mining project in the Philippines, its Australian partner Indophil said.

Melbourne-based Indophil Resources NL said in a quarterly report released this week that “Glencore Xstrata has advised Indophil of its preference to pursue divestment of its interest in Tampakan.”

http://ph.news.yahoo.com/glencore-xstrata-39-pull-39-philippine-mining-project-053038448–finance.html

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This entry was posted on February 1, 2014 by .
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