PMEA Blog

By Manolo Serapio
Reuters

MANILA, Philippines — China Metallurgical Construction Group Corp. (MCC) is considering investing at least $1.5 billion in an integrated steel plant in the southern Philippines, and is also looking at potential mining sites, a government official said Wednesday.

Environment and Natural Resources Secretary Lito Atienza said he met officials of MCC, a state-backed Chinese firm that specializes in developing mines and metals smelters, earlier this week in Manila to discuss the steel project.

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