Lafayette troubles show defect of gov’t mining program–NGO
December 21st, 2007
Filed under: Mine - RapuRapu, Mineral - Copper, Mineral - Gold, Mineral - Silver, Mineral - Tin, Mineral - Zinc, Operator - Lafayette, Operator - RRMI, Operator - RRPI, Operator - RapuRapu Mining, Region 05 - Masbate
From: Philippine Daily Inquirer
By TJ Burgonio
MANILA, Philippines — The financial troubles of Lafayette Mining should prod the government to close down the Australian firm’s mining project in Albay, an anti-mining alliance said on Wednesday.
Lafayette Mining, which owns 74 percent of Lafayette Philippines that runs an open pit mine in Rapu-Rapu island, entered voluntary administration Tuesday to avoid bankruptcy.
Leave a Reply
Please note that your comments will be subject to moderation by the PMEA Blog Administrator.