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 DEPARTMENT of Environment and Natural Resources aims to forge a compromise before the end of this month between South Cotabato’s provincial government and the local unit of Switzerland-based Xstrata plc over the open pit mining ban signed into law last June 29.
Environment Secretary Ramon Jesus P. Paje, who also heads the Minerals Development […]

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 […]

Mining group Xstrata is to resume dividend payments despite reporting a drop in full-year profits.
The company said its pre-tax profits fell to $1.87bn (£1.2bn) in 2009, down from $6.05bn a year earlier.
Xstrata blamed the fall in profits on heavy one-off costs and lower commodity prices.
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MANILA, Oct 20 (Reuters) - Global miner Xstrata Plc (XTA.L) has boosted an estimate of mineral resources at its $5.2-billion Tampakan copper-gold project in the southern Philippines to 2.4 billion tonnes from 2.2 billion, the firm said on Tuesday.
The mine, considered Southeast Asia’s largest undeveloped copper-gold prospect, is now estimated to contain 13.5 million tonnes […]

MANILA, Sept 17 (Reuters) - Xstrata Copper is on track to start production at Southeast Asia’s largest undeveloped copper-gold deposit in 2016, more than two decades after the discovery of the Philippine mine, a senior official said on Thursday,
“We think 2016 is a realistic target,” Mark Williams, general manager of Xstrata Copper’s Philippine affiliate, Sagittarius […]

From: www.mindanews.com
GENERAL SANTOS CITY (MindaNews/23 August) — The bid war to wrest control over the 34.5 per cent stake of Australian-based Indophil Resources NL at Sagittarius Mines Inc. (SMI) took a new twist last week as a new consortium upped its bid statement to outmaneuver Anglo-Swiss owned Xstrata Copper. XStrata Plc, which owns Australia-based Xstrata […]

From: business.theage.com.au
Xstrata, the world’s fourth-largest copper producer, has abandoned a $545 million bid for Indophil Resources, yielding to a management buyout group that sweetened its rival offer.
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From: business.theage.com.au
SIXTY per cent cash backing of a share price is a comfortable starting point for investment in the mining sector. That is what is on offer with Papua New Guinea-focused Highlands Pacific (HIG). At Friday’s closing price of 8¢ a share, its $52.2 million market capitalisation compares with its cash holdings of $31.5 million […]

From: www.miningweekly.com
By: Liezel Hill
The world’s fourth-biggest copper miner, Xstrata Copper, will spend C$121-million to expand its Kidd underground mine, in Northern Ontario, Canada, the company announced on Wednesday.
The project will involve deepening the copper and zinc mine,to add 3,4-million tons of ore to the mining plan and extend the life of the operation by one […]