Xstrata’s Planned Philippine Mine to Get More Troops (Update2)
January 11th, 2008
Filed under: Mine - Tampakan, Mineral - Copper, Mineral - Gold, Operator - Xstrata
From: Bloomberg
By Luzi Ann Javier
Jan. 10 (Bloomberg) — Philippine police and troops will step up security at Xstrata Plc’s planned $2 billion copper and gold mine after a New Year’s day attack by rebels highlighted the risks for overseas companies in the Southeast Asian country.
“They called our attention to the need for a greater presence of police and military units,” Natural Resources Secretary Lito Atienza said in a phone interview in Manila today. “We accept it as something that needs to be done.”
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