Quarry firm says landslide area in Cebu not part of operations
"Quarry firm says landslide area in Cebu not part of operations", 20 September 2018
A firm with quarrying rights to an area in Cebu that was struck by a landslide...said it had yet to start operations there.
...Apo Land and Quarry Corp. said...while it held mining rights to the area, it had no quarry operations there.
"Operating in that area is not part of our pipeline this year or next year," company representative Chito Maniago said....
...Before the landslide struck, the company warned local authorities and the Mines and Geosciences Bureau about "cracks" in the area, he said.
Residents of the area were also advised to evacuate, he said.
...Cemex Holdings Philippines does not own Impact Assets, which has a 40-percent stake in Apo Land and Quarry Corp, Maniago said.
But Cemex will likely issue a disclosure to the stock market soon about the incident, he said. Shares of the cement maker were down 5 percent at the close of Thursday's trading.