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Friday, February 17, 2012

Philippines For First Time To Try To Close Illegal Mines

He said the new mining policy should also help resolve the issue involving the $5.9-billion Tampakan project in South Cotabato, believed to be Southeast Asia's biggest undeveloped copper-gold reserves.
The project led by global miner Xstrata Plc is under threat from a local ban on open-pit mining and the government's refusal to grant it an environment clearance needed for mine construction.

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