Aussie mine firm suspends work in Nueva Vizcaya
June 26th, 2008
Filed under: Mine - Didipio, Mineral - Copper, Mineral - Gold, Operator - OceanaGold, Region 02 - Nueva Vizcaya
From: newsinfo.inquirer.net
By Melvin Gascon
Northern Luzon Bureau
BAYOMBONG, Nueva Vizcaya–An official of the Australian mining firm OceanaGold Philippines Inc. said the firm is suspending work at its $117-million gold-copper project in upland Kasibu town, amid the controversies hounding its operations over the past six months.
In a statement Tuesday, Darren Clinck, OceanaGold vice president for corporate and investor relations, said the firm is suspending a number of construction contracts as it tries to cut down on company expenses while looking for additional funding.
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