Sagittarius Mines Inc. general manager Mark Williams said the company had already spent more than US$360 million on the initial development of the US$5.9 billion Tampakan Copper and Gold Project. When allowed to go to commercial production, the mining project will reportedly contribute an average of one percent to the annual gross domestic product of...
Rebuked by the environment bureau, the Xstrata Plc-controlled Sagittarius Mines Inc. faces yet another obstacle that could lead to eventual shutting down of its ongoing exploration activities in the Philippines. On Monday, a member of the South Cotabato provincial board said they are considering a five-year moratorium on all forms of mining the province in...
Without doubt, Sagittarius Mines Inc. (SMI) will be watching very closely, and with good reason, the case filed by Canadian-backed mining company TVI Resource Development Inc against the provincial government of Zamboanga del Norte, in which the Zambonaga-based mining firm is questioning the legality and constitutionality of a local ordinance banning open pit mining in...
Marine life is again teeming in Sarangani Bay 15 years after it was declared a protected seascape by virtue of Presidential Proclamation 756 issued by former President Fidel Ramos. The 215,950-hectare bay was a rich fishing ground before big commercial fishing companies began deploying large fish aggregating devices (FADs) throughout the bay, some just a...
MANILA, Philippines (AP) — Philippine officials have filed criminal charges against several people linked to a huge shipment of endangered sea turtles and rare black corals. The shipment’s seizure last month has raised alarm that the archipelago’s rich marine life is being devastated by the illegal trade. Customs Commissioner Angelito Alvarez filed the case Friday...
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