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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...

Major management shake-up looms in SMI

By Sun, Mar 03, 2013 10:54AM UTC Comments Off

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...

Passing the buck in Cotabato

By Sat, Feb 09, 2013 7:06AM UTC Comments Off Passing the buck in Cotabato

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...

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...

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