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The Tampakan Copper and Gold Project: Whose mine is it anyway?

By Edwin Espejo Mon, Feb 20, 2012 7:34AM UTC View Comments

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...

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Southern Comfort: SMI and the merger between Glencore and Xstrata

By Edwin Espejo Mon, Feb 06, 2012 8:10AM UTC View Comments

Although its has been the buzz in the international mining community for some time, the proposed ‘merger of equals’ between Glencore International and Xstrata Plc is reaching fever pitch this week as it appears the union is heading towards completion except for some issues on premiums. Under the merger proposal, Glencore and Xstrata could end...

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Philippines: More trouble for mining giant

By Edwin Espejo Wed, Jan 18, 2012 8:37AM UTC View Comments

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...

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Philippines: Xstrata-SMI’s proxy war

By Edwin Espejo Mon, Dec 05, 2011 5:49AM UTC View Comments

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...

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