Rebels attack Xstrata gold mine
January 7th, 2008
Filed under: Mineral - Copper, Mineral - Gold, Operator - Xstrata
Communist rebels have attacked a $2 billion copper and gold mine owned by Xstrata in the Philippines.
The incident occurred on January 1st at the mine in Tampakan, which is currently under development.
According to Bloomberg, the Tampakan is home to some 15.2 million ounces of gold. Xstrata’s other growth projects are located in Las Bambas in Peru, El Morro in Chile, El Pachon in Argentina and Frieda River in Papua New Guinea.
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