SE Asia: Philippines removes final hurdle for $5.9 billion copper-gold project

  • A provincial government in southern Philippines has reversed its 12-year-old policy banning open pit mining, removing the final regulatory hurdle for the stalled Tampakan copper-gold project.
  • The Tampakan project in South Cotabato province is the Southeast Asian country’s biggest stalled mining project with development cost previously estimated at $5.9-billion before it was hampered by the provincial ban imposed back in 2010.

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