image descriptionArchives

Glencore-Xstrata, Indophil in Australian court battle

By Mon, Jun 24, 2013 9:48AM UTC Comments Off

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...

SM Holdings linked to Tampakan mining project

By Tue, Sep 18, 2012 10:33AM UTC Comments Off

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...

The Tampakan Copper and Gold Project: Whose mine is it anyway?

By Mon, Feb 20, 2012 7:34AM UTC Comments Off

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...