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Article: United States: San Miguel set to close mining deal.
- Article from:
- TendersInfo
- Article date:
- June 3, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: kusumv03
SOUTHEAST Asia's largest food and beverage conglomerate said it may start working on the foundations of its mining venture this year at it already received offers from several entities.
On the sidelines of the Ginebra San Miguel Inc. stockholders meeting, Ramon Ang, San Miguel Corp. (SMC) president told reporters that opportunities in mining are "very good" if they get tenements with "good deposits."
"At the moment San Miguel is in the process of evaluating several offers on nickel, iron ore, chromite and coal. If we complete those components , we will able to produce stainless steel and high carbon steel," Ang said.
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