Article: Philippines might issue large-scale mining permit to 3 applying firms

Philippines might issue large-scale mining permit to 3 applying firms

MANILA, Sept. 16 (Xinhua) -- Three big mining companies with whole or partial foreign ownerships are likely to be awarded the permit to conduct large-scale mining in the Philippines, an industrial official said Wednesday.

Philippine Mines and Geosciences Bureau Director Horacio C. Ramos said his office is recommending President Gloria Macapagal- Arroyo to approve the application for the financial and technical assistance agreement (FTAA) of Far Southeast Gold Resources, Inc., Intex Resources ASA and Narra Nickel Mining and Development Corp.

In an interview with reporters at the sidelines of a mining conference held ...

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