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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: 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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SMI looking for new port site

By Edwin Espejo Sat, Nov 05, 2011 10:01AM UTC View Comments

Sagittarius Mines Incorporated (SMI) is reportedly looking for an alternative location for its port and power plant facilities away from Malalag, Davao del Sur, which could potentially delay its 2016 target year for commercial production. The Xstrata Plc-controlled mining company is said to be wary of powerful local interest groups in Malalag who are trying to...

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Philippines: The mines of our (in)security

By Edwin Espejo Wed, Oct 05, 2011 9:18AM UTC Comments Off

The communist-led New People’s Army (NPA) on Monday simultaneously attacked three mining firms in the northern Mindanao province of Surigao del Norte destroying millions of dollars worth of equipment, machinery and other property. The attacks, coming several days after Mindanao rebel spokesman Jorge Madlos warned big mining companies against continued operations in the island, were...

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