PMEA Blog

MANILA, Philippines - The country will try to allay the fears of its local officials and push forward mining projects, including a $5.2-billion gold-copper prospect operated by Xstrata Plc, being threatened by a provincial ban on open-pit mining, a mining official said on Tuesday.

Last month, the outgoing governor of South Cotabato signed a law banning open-pit mining in the area, throwing into doubt the Tampakan project, which is considered Southeast Asia’s largest undeveloped copper-gold prospect.

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