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Article: United States: Manilas Philex to buy out Anglo American in mine venture.

Article from:
TendersInfo
Article date:
September 27, 2008
Copyright

Byline: manish03

Philex Mining Corp the Philippines' most valuable listed mining firm, said on Thursday it was buying out partner Anglo American Plc in a gold and copper venture for $55 million.

Philex and its subsidiary Philex Gold Inc (PGI.V: Quote, Profile, Research, Stock Buzz) will have full control of the Boyongan gold and copper mine once Philex's purchase of Anglo American's 50 percent stake is completed, the company said in a statement.

Philex and ...

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