PMEA Blog

Amy R. Remo

MANILA, Philippines — Despite the hurdles it has to face, Xstrata Plc continues to hold on to the $5.2-billion Tampakan copper-gold project, adding that the Philippine economy also stands to reap as much as $40 billion within a 25-year period.

Mark Williams, general manager of Xstrata’s local subsidiary Sagittarius Mines Inc. (SMI), stressed that the Tampakan project—said to contain one of the biggest untapped copper resources in Southeast Asia—will prove to be an economic driver not only for Mindanao, but for the whole country as well.

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