Armed Group Attacks Xstrata’s Tampakan Copper Mine (Update3)
July 22nd, 2008
Filed under: Mine - Tampakan, Mineral - Copper, Mineral - Gold, Operator - Indophil Resources NL, Operator - Xstrata
From: www.bloomberg.com
By Jesse Riseborough and Luzi Ann Javier
July 21 (Bloomberg) — Suspected Communist rebels attacked Xstrata Plc’s $3 billion Tampakan mine in the Philippines, which may be Southeast Asia’s largest untapped copper deposit, according to the military and project partner Indophil Resources NL.
The group burned a drill rig and police are investigating, the Melbourne-based company said today in a statement to the Australian stock exchange. No one was injured in the assault, which took place around midnight on July 20, according to the statement, which did not identify the attackers.
Leave a Reply
Please note that your comments will be subject to moderation by the PMEA Blog Administrator.