Despite government failure to address policy issues in the mining industry, Sagittarius Mines Inc (SMI) is still hopeful it will get the necessary permits and clearances needed to pursue its stalled Tampakan Copper and Gold Project. It is poised to conduct more rounds of consultations with stakeholders, including obtaining the consent of communities and local...
Indophil Resources NL of Australia is reportedly in discussion with partner Glencore-Xstrata Ltd for possible acquisition of the latter’s controlling 62.5 percent stake at the beleaguered Sagittarius Mines Inc, holder of the controversial Tampakan Copper and Gold Project in the southern Philippines. Reports said Indophil and Glencore are “in a range of discussions.” Richard Laufmann,...
GENERAL SANTOS CITY (April 3) – Sagittarius Mines Inc. (SMI) is facing potential further delays in its operations in the southern Philippines due to the repeated deferment of the merger between world commodities giant trading firm Glencore and global mining giant Xstrata Plc. In a report Monday, the Australian Broadcasting Corporation (ABC) said the merger...
The Xstrata-controlled Sagittarius Mines Inc (SMI) suffered yet another setback when the Sangguniang Panlungsod (SP, or Provincial Board) of South Cotabato on Monday, January 21, reiterated a previous resolution reaffirming the validity of a provision of the Provincial Environment Code that bans open pit mining in the province. The resolution dashed any hopes SMI had...
Call it posturing or pragmatism, but the recent decision of the South Cotabato provincial government to enlist the ‘expertise’ of the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH or German Development Cooperation in Manila for an independent review of the environment impact statement of SMI-Xstrata for its Tampakan Copper and Gold Project could be tied...
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