Indophil Resources (IRN) 95.5c
Filed under: Mine - Tampakan, Mineral - Copper, Mineral - Gold, Operator - Lafayette, Operator - Xstrata
Tim Boreham | January 04, 2008
OceanaGold (OGC) $2.85
INDOPHIL and Xstrata, owners of the Tampakan copper and gold deposit in The Philippines, assert this week’s attack on its base camp by communist insurgents was aimed not at them, but at the nearby military.
But in claiming responsibility, the New Peoples Army declared a fatwah on the operation. The NPA said the raid had the “singular objective of punishing the giant Swiss mining firm (62.4per cent owner Xstrata) for land grabbing, plunder and environmental destruction”.
Furthermore, it “will carry out more and more punitive actions in response to the people’s demands to stop the unbridled rapacious and destructive operations of big foreign mining companies”.
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