Manila says may cancel Intex’s $2.4 bln nickel project
November 25th, 2009
Filed under: General News
MANILA, Nov 24 (Reuters) - The Philippines may cancel a mining permit for a $2.4-billion nickel project by Norway’s Intex Resources ASA (ITXX.OL) if a probe shows local communities were not consulted about it, a top official said on Tuesday.
Manila last week suspended Intex’s permit for 90 days to look into allegations by demonstrators that the project sits on a watershed area. [ID:nLI103258]
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