PMEA Blog

MELODY M. AGUIBA

The Tampakan copper-gold porphyry, the largest copper-gold deposit yet to be developed in South East Asia, is foreseen to contribute to the Philippine economy $37 billion by the end of its mine life placed at 20-40 years.

Sagittarius Mines Inc. (SMI), holder of the Financial and Technical Assistance Agreement (FTAA) for Tampakan, is looking at an average of one percent contribution to Philippines’ total gross domestic product (GDP) yearly as it begins commercial production by 2016.

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