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Philippines: Is Indophil bracing for SMI takeover?

Philippines: Is Indophil bracing for SMI takeover?

By Thu, Nov 07, 2013 9:28AM UTC Comments Off Philippines: Is Indophil bracing for SMI takeover?

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,...

Philippines mining giant SMI faces more delays

By Thu, Apr 04, 2013 5:01AM UTC 1 Comment

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...

Philippines: Mining giant Xstrata-SMI suffers another blow

By Thu, Jan 24, 2013 8:31AM UTC Comments Off Philippines: Mining giant Xstrata-SMI suffers another blow

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...

2013 Election: Mining looms large in Philippines polls

By Thu, Nov 01, 2012 7:32AM UTC Comments Off South Cotabato Gov. Arthur Pingoy (foto courtesy of South Cotabato provincial office)

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...

Policeman, civilian slain in Philippines mine site ambush

By Thu, Jun 21, 2012 9:02AM UTC Comments Off

GENERAL SANTOS CITY – A policeman and a civilian were killed and two members of the Citizen Armed Force Geographical Unit (Cafgu) were wounded when a group of armed men reportedly led by Daguil Capion mounted an ambush Wednesday in Sitio Maklak, Kimlawis in Kiblawan town of Davao del Sur in the Philippines. Lt. Col....

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