PMEA Blog

From: Sun.Star
By Edwin G. Espejo
SAGITTARIUS Mines Incorporated, despite its reportedly hiring an Australian-based firm to oversee its security operations, still failed to anticipate and prevent a New Year’s Day rebel raid that caused at least P10 million damages in property.
A source said SMI hired a former member of the elite British SAS to serve as […]

The Communist Party of the Philippines (CPP) has confirmed that the recent attack on Sagittarius Mines’ Tampakan copper/gold project located on Mindanao, was made by in the New People’s Army, the party’s paramilitary wing.
Sagittarius is a subsidiary of Xstrata and the raid focused on the destruction of buildings at the site.
The CPP’s website currently contains […]

Ridgeland, MS, JAN 11, 2008 (EventX/Knobias.com via COMTEX) — ZNXT | news | PowerRating | PR Charts — By Fain Hughes, fhughes@knobias.com
Philippine green groups today cautioned the Environment Secretary against supporting larger deployments of military and police personnel to protect the operations of foreign mining firms such as Xstrata in South Cotabato, warning that this […]

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 […]

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 […]

From: TV3
New Zealand and Philippines-based miner OceanaGold has appointed a new company secretary and general counsel.
Matthew Salthouse held the same roles at Drivetrain Systems International, an exporter of automotive components.
Prior to that, he consulted as a lawyer on various merger and acquisition matters for large-scale mining and resource companies.
Read More

From: Sun.Star
GENERAL SANTOS CITY — With the New People’s Army (NPA) finally owning responsibility for the attack at the base camp of Sagittarius Mines, Incorporated on New Year’s Day, the mining company indicated it is still keen on pursuing its massive copper and gold project.
An SMI official sought on Thursday for comment on the admission […]

From: Sun.Star Network Online
GENERAL SANTOS CITY — Sagittarius Mines Inc., whose base camp is in Barangay Tablu in Tampakan, South Cotabato was attacked by the New People’s Army (NPA) on New Year’s Day, estimated the damage to its properties at P12 million or $280,000, a company statement released recently said.
Gerardo Laviste, Sagittarius resident manager, reaffirmed […]

Xstrata plc`s Philippine unit, Sagittarius Mines Inc will proceed with the Tampakan project, Southeast Asia`s largest undeveloped copper resource, after suffering damage worth US$290,000 in a New Year`s Day attack by communist rebels.
“The buildings burnt can easily be replaced,” Rolando Doria, Sagittarius`s government affairs superintendent, said by phone on Friday. “Sagittarius Mines remains committed to […]

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 […]