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Article

25 Jun 2010

Author:
Philippine Daily Inquirer

$473-M Tampakan mining deal scrapped over environmental measure [Philippines]

The $473-million buyout deal between Indophil Resources NL of Australia and Zijin Mining Group Co. of China has been terminated—a casualty of the trouble now plaguing the $5.2-billion Tampakan copper-gold project...At the root of the problem is a proposed environmental measure banning open pit mining in South Cotabato...