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...
Don’t look now but a major management shakeup could take place in Sagittarius Mines Inc. (SMI) once the long anticipated merger between the world’s fourth largest copper producer and one of the world’s biggest commodities firms is completed within the year. Although the expected March 15 merger deadline between Xstrata Plc and commodities giant...
A news report said Malacañang has remanded the appeal of Sagittarius Mines Inc. (SMI) to the Department of Environment and Natural Resources (DENR), which earlier denied the application for an environment clearance certificate (ECC) by the Tampakan-based mining firm. In January last year, the DENR cited the existing provincial environment code of South Cotabato which...
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...
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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