Permit Delays, Violence Derail Xstrata's $6B Philippines Mine

Law360, New York (August 24, 2012, 4:36 PM EDT) -- A unit of Anglo-Swiss miner Xstrata PLC is likely to miss a planned 2016 startup for a gold and copper mine in the Philippines after regulatory delays and a wave of violence at the site, the company confirmed Friday.

Sagittarius Mines Inc. had hoped to receive environmental permits early this year for its $5.9 billion Tampakan copper-gold mine, the biggest infrastructure project ever planned for the Philippines. But the government denied its application in January, meaning that construction of the mine — expected to take up...
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