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Article: Philippines might issue large-scale mining permit to 3 applying firms
- Article from:
- Xinhua News Agency
- Article date:
- September 16, 2009
CopyrightCopyright 2009 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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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 ...