Mitsui to take a 15pct stake in Taganito HPAL Nickel Corp

Japanese trading house Mitsui & Co said that it will join a USD 1.3 billion nickel project that Sumitomo Metal Mining Co Limited is developing in Claver, Surigao del Norte, Philippines. It may be recalled that Sumitomo Metal Mining, Japan's top nickel producer, said …

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Philippines targets $2.5 billion geothermal development

The Philippine government aims to approve contracts to explore and develop the country's massive geothermal energy resources, which could attract more than $2.5 billion in private investment, an official said. The Philippines, the world's second-largest developer of …

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Philex says Philippine mine project may cost $500 mln

Top Philippine miner Philex Mining Corp (PX.PS) said on Wednesday it may need $500 million to develop and operate a gold and copper project in the southern Mindanao island The company told Manila's stock exchange it expects to complete a pre-feasibility study on the Boyo…

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Landslides kill 9 in Philippines as storm leaves

MANILA (Reuters) - Landslides caused by a tropical storm have killed nine people in the central and southern Philippines in the last two days, disaster and weather bureau officials said on Tuesday. The tropical storm, known as 23W, dumped heavy rain before moving out to se…

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