Xstrata mine in Philippines set back to 2019

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MANILA, Philippines—Swiss mining giant Xstrata has set back the commercial production of its $5.9-billion project in the Philippines to 2019 due to problems with security and the government, the company said Wednesday.

 

Sagittarius Mines Inc., Xstrata’s local unit, which is developing the Tampakan copper-gold project in the southern Philippines, cited “challenges” that arose since it originally scheduled operation to begin in 2016.

 

The obstacles include the local government’s 2010 ban on open pit mining and the national government’s failure to issue an environmental compliance certificate (ECC) that would overturn the ban, the company said.

 

A company statement also cited “security issues” in the project site, an apparent reference to armed groups that have attacked workers and contractors of the mine.

 

“If local government endorsement and final approvals from the national government are forthcoming… construction could potentially commence in 2015, enabling commercial production in 2019,” the statement said.

 

Sagittarius has described the Tampakan project as one of the world’s largest undeveloped copper-gold deposits.

 

The project would be the Philippines’ largest ever foreign investment but it has been opposed by leftist anti-mining activists, tribal groups and even church leaders.

 

The Philippines is believed to have some of the biggest mineral reserves in the world – the government estimates the country has at least $840 billion in gold, copper, nickel, chromite, manganese, silver and iron ore deposits.

 

However, the minerals have been largely untapped, partly because of a strong anti-mining movement led by the influential Catholic Church, while poor infrastructure and security concerns have also kept investors away.

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  • joboni96

    BETTER NEVER

    until

    PRO PILIPINO SUSTAINABLE METALS EXPORTING
    mining

    ang mga minahan hindi para sa dayuhan kundi
    para sa pilipino lamang

    • WeAry_Bat

       That’s right.  Now if only there are patrol boats on the shores close to China mining companies.

      • joboni96

        mobilize na lang mga neps at lumads

    • isalexus

      So maghanag ka ng kapital para ma-idevelop yung minahan! O hanggang small scale na lamang– small minds,small mines– tatak Filipino!! LOL!!

      • isalexus

        korekyon’–” Maghanap”

      • joboni96

        mga kolonisadong utak lang tulad mo
        ang small minds
        big mines for foreigners

        ang pro pilipino
        DIRECT RETAIL SALE OF GOVERNMENT BONDS TO PILIPINOS
        directly, not through intsik switik banks

        resulta
        1. higher interest earnings of pilipinos
        2. lower interest cost for government projects
        3. capital for PRO PILIPINO SUSTAINABLE METALS EXPORTING mining

        correct!

      • isalexus

        Really? O sige nga – why don’t you organize the funds to develop the mega project like tampakan? LOL sa  “Metal Exporting” mo! The only base  metal exporting ( aside from “concentrates” and/or direct shipping nickel ORE) industry  sa Pinas ay yung bakal pundido na ginagawang kawale  sa Bulacan!

      • joboni96

        mga kolonisadong utak lang tulad mo
        ang small minds
        big mines for foreigners

  • http://profile.yahoo.com/WTIRTIXLBR5X47RMVKB3T43SWA charles

    No to open-pit mining in Tampakan…!!!!….I hope the local government of South Cotabato stands firm in its anti-mining ordinance…..

  • http://profile.yahoo.com/AND7MQ5FERICDOIAUW56RYT45A tower_of_power

    Pinamimigay nga natin ang mga bundok sa mga tsekwa para minahin … kaya malakas ang loob nila angkinin ang spratly at iba pang mga bato bato sa dagat na pagaari ng Pinas. Para sa mga tsewa … walang pakialam ang Pinas sa teretoryo nila kung may pera sa bulsa … hahahaha!!!

    Hindi malayo na bilhin na rin ng mga tsekwa ang xstrata … para madagdagan ang mga minimina nila sa Pinas … kung tsekwa ang may ari ng xstrata … matagal ng nagmimina yan … ANG MGA TSEKWA KASI ALAM KUNG PAPANO MAGNEGOSYO SA PINAS …. PERA PERA LANG!!!

    AYAW KASI MAGLABAS NG XTRA PERA ANG XSTRATA … hahahaha!!!

  • http://pulse.yahoo.com/_Y6NDRGGX6M5R2GSJMKBBOAKOFU Noel

    yung NPA pala supported ng Roman Catholic, meaning they are communists, that is why they supported Chinese in mining……….

    • http://www.facebook.com/profile.php?id=100004097055586 Chava Villabona

      napakabobong reasoning

  • http://pulse.yahoo.com/_5STEU22AD7YRHQSB6RE56ZDSYA J

    http // globalnation inquirer net/59379/chinas-mining-occupation-of-the-philippines#comment-733963225

    Yung mga pagnanakaw ng yamang mineral ng China ang asikasuhin din ng gobierno. Nandito na ang mga intsik at minimina ang buong Pinas. Dapat minahin lamang ng Pinoy ang yamang mineral at iprocess dito sa bansa bago ipagbili sa labas. 
    Sabi ng china ambassador… we are not your enemy… we just want to still your minerals.

  • http://www.facebook.com/alexander.aamproz Alexander Aamproz

    Two months ago, Xstrata got big social problems in South America,
    low wages and killings !
    This company is unwelcome in Switzerland for it’s moral ethics.

    With mining, natives are usually exterminated, locals will suffer all the inconvenient,
    salaries are almost not enough to eat, the area is carelessly destroyed  
    a looser situations only enjoyed by the corrupt officials living far away.

    Where are the country and peoples interests except for a bunch of filthy rich criminal Trapos ?

  • kalikasanipagtanggol

    copper’s price is going to continue heading upward and the economic downturn globally is the only one preventing the price to hit above the ceiling price!

  • mon key

    the current selling price of copper posted at the london metal exchange is US$8,070/ton, buying price is US$8,068/ton. buyer’s price is lower than sellers price. xstrata is using the security situation and government regulations as a scapegoat. if the mine were profitable for them, they would have done all that they can to open the mine. 

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