MacroAsia allots P50 million for exploration in Palawan
July 28th, 2009
Filed under: Mineral - Nickel
MANILA, Philippines - Lucio Tan-led MacroAsia Corp. will spend P50 million to continue exploration of its nickel laterite project in Brooke’s Point in Palawan that is expected to be finished in the first quarter of 2010, its chairman for compensation and mining committee Johnip G. Cua said.
Cua said the interim exploration update of the project disclosed Friday is “very encouraging.”
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