MSC to buy 30% in Philippines mining firm
April 18th, 2008
Filed under: Mine - RapuRapu, Mineral - Copper, Mineral - Gold, Mineral - Silver, Mineral - Zinc, Operator - Malaysia Smelting Corporation Bhd (MSC), Operator - RapuRapu Mining
KUALA LUMPUR: Malaysia Smelting Corporation Bhd (MSC) has proposed to acquire a 30% stake in the Rapu Rapu project, which is involved in mining copper, zinc, gold and silver, in the Philippines for US$18.90mil (RM59.7mil).
MSC said on Thursday that it had signed a framework agreement with Philco Resources Ltd, LG International Corporation and Korea Resources Corporation.
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