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Article: Australian mining companies eye Philippine mineral resources
- Article from:
- Xinhua News Agency
- Article date:
- February 5, 2005
CopyrightCopyright 2005 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Australian mining companies eye Philippine mineral resources
MANILA, Feb. 5 (Xinhua) -- Australian mining firms are upbeat with
the prospects of mining industry in the Philippines after a
Philippine Supreme Court ruling opened the country's mining resources
to foreign companies, said the Australian ambassador in Manila on
Saturday.
Australian ambassador Ruth Pearce told local media that some
Australian companies are already eyeing deals with local mining
companies, including the Indophil Resources company which has a 40
percent stake in the Sagittarius copper-gold project in Tampaken,
South Cotabato in Mindanao.
She said the recent Supreme Court ruling and recent entry of ...