Ancestral domain agreement could be mining boon or bane
August 8th, 2008
Filed under: General News
From: www.gmanews.tv
MANILA, Philippines - Rich and untapped mineral deposits make the Philippines the most promising mining destination in Southeast Asia and not even the prospect of a new Muslim homeland in Mindanao will dissuade investors, an industry expert on Thursday claimed.
“The Philippines is probably the most prospective country in Southeast Asia in term of the capability to find world-class deposits, especially in copper and gold,” said Steven C. Wood, director and head natural resource advisor of the South East Asian Strategic Assets Fund, an international consultancy company for mining investors.
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