PMEA Blog

Lepanto Consolidated Mining Co. (Lepanto) has closed a deal with New Zealand firm Gold Fields Ltd. for the latter to take up a 60 percent interest in its Far Southeast mining claim in Mankayan, Benguet, in order to jumpstart development.

The New York Stock Exchange-listed Gold Fields has committed to participate in the development of the copper and gold-rich mine site to the extent of 60 percent valued at $340 million through unit Gold Fields Switzerland AG.

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