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...
Mongolian blogger imprisoned for tweets criticising transport minister
Fri, Aug 22, 2014 3:38PM UTC
NKorea launch pad expansion ‘nearing completion’
Fri, Aug 22, 2014 12:04PM UTC
Malaysia mourns as bodies of MH17 victims return home
Fri, Aug 22, 2014 10:00AM UTC
Sri Lanka government trying to hamper UN probe, says activist
Fri, Aug 22, 2014 9:51AM UTC
Flooding in Nepal kills US tourist after boat capsizes
Fri, Aug 22, 2014 9:46AM UTC
Indonesia court rejects Prabowo election appeal
Thu, Aug 21, 2014 11:18PM UTC