Xstrata's $5.9B Philippine Mine Project Gets Key Enviro Nod

Law360, New York (February 19, 2013, 8:28 PM EST) -- The Philippines government on Thursday granted environmental approval for an Xstrata PLC unit's $5.9 billion Tampakan copper-gold project, a major step in the company's bid to build the biggest infrastructure project ever planned for the archipelago nation.

Philippines' Department of Environment and Natural Resources granted Xstrata subsidiary Sagittarius Mines Inc. an environmental compliance certificate pending actions laid out in a governmental environmental impact report, according to a statement released by Ramon J. P. Paje, the country's secretary of environment and natural resources.

"The [Environmental Management Bureau]...
To view the full article, register now.