PMEA Blog

KORONADAL CITY–Australian mining firm Indophil Resources NL has officially started acquiring the stakes of a local Filipino company involved in the huge Tampakan copper and gold venture straddling three Mindanao province, the foreign company confirmed.

Last March, Indophil and Alsons Corp., which is held by the Alcantara family, forged an agreement for the latter to yield its five percent shares to the former in the huge mining project pursued by Sagittarius Minces, Inc.

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