PMEA Blog

MANILA, Oct 20 (Reuters) - Global miner Xstrata Plc (XTA.L) has boosted an estimate of mineral resources at its $5.2-billion Tampakan copper-gold project in the southern Philippines to 2.4 billion tonnes from 2.2 billion, the firm said on Tuesday.

The mine, considered Southeast Asia’s largest undeveloped copper-gold prospect, is now estimated to contain 13.5 million tonnes of copper and 15.8 million ounces of gold, at a grade of 0.6 percent copper and 0.2 grams per tonne of gold.

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