Philippines: Mining giant Xstrata-SMI suffers another blow
By Edwin Espejo, asiancorrespondent.com
January 24, 2013
The Xstrata-controlled Sagittarius Mines Inc (SMI) suffered yet another setback when the Sangguniang Panlungsod (SP, or Provincial Board) of South Cotabato on Monday, January 21, reiterated a previous resolution reaffirming the validity of a provision of the Provincial Environment Code that bans open pit mining in the province.
The resolution dashed any hopes SMI had to have the landmark local legislation reviewed by the local legislative body before the May elections this year.
SMI was hoping the provincial government would lift the ban on open pit mining to pave the way for its planned commercial production. The mining firm had announced in the past that it will start commercial operations in 2016
Read full article @asiancorrespondent.com
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