GENERAL SANTOS CITY (24 June) – Recently merged mining giant Glencore-Xstrata has gone to the Australian Supreme Court of Queensland demanding that Indophil Resources already turn over the controlling stakes it holds at the US$5.9 billion Tampakan Copper and Gold Project being held by Sagittarius Mines Inc (SMI). Xstrata Copper, a subsidiary of Xstrata Plc...
Don’t look now, SM Holdings could soon end up a minority owner of Sagittarius Mines Inc (SMI), following its acquisition of a minority shares in Indophil Resources NL which owns 37.5 per cent of the Tampakan Copper and Gold Project in the Philippines. SM was assigned a seat in the 7-man Indophil Resources NL board...
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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