Atlas investing P12.5b for Toledo rehab

Carmen Copper Corp., a newly formed, wholly-owned subsidiary of Atlas Consolidated Mining and Development Corp., is investing P12.475 billion to re-open and rehabilitate the Toledo mines in Cebu.
The project was one of the big-ticket projects approved by the Board of Investments for incentives last year.

Toledo Mining H1 loss widens, ore shipment delayed

LONDON (AFX) - Toledo Mining Corporation Plc has reported a wider half-year pretax loss of 237,366 stg, from 169,027 stg, adding that a trial bulk metallurgical shipment from its Philippines project has been delayed until early January.
Philippines-based Berong Nickel Corporation (BNC), which Toledo owns 56.1 pct of, could not ship the 30,000 dry metric tons […]