PMEA Blog

MANILA - Operators of the Rapu-Rapu mining project in the Philippines have sought court protection from creditors as investors hold talks with a South Korean group for a possible buy-in, the managers said.

One of the first projects to reach the production stage after a new Philippines mining law took effect in 2005, Rapu-Rapu has been hit by troubles by its Australian majority shareholders, Lafayette Mining Ltd., which went under administration late last year.

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