Reds Target Mining Firms

Reds target mining firms

Philippines Star - http://www.philstar.com/index.php?Headlines&p=49&type=2&sec=24&aid=20070802169

3rd August 2007

Communist guerrillas warned yesterday that they will mount attacks against mining operations in the Philippines, accusing foreign companies of leading the “plunder” of the country’s natural resources.

Rebel forces have “standing orders to carry out all necessary action and assistance to the people in preventing foreign big mining companies and their local big comprador and bureaucrat collaborators from carrying out the all-out plunder of our natural resources,” said their spokesman Gregorio Rosal.

He said the 7,000-member New People’s Army (NPA) would carry out “revolutionary action, people’s protests and other means to stop the plunder of the Philippine environment and natural wealth.”

The NPA is the armed wing of the Communist Party of the Philippines, which has been waging a decades-old Maoist armed campaign.

President Arroyo has aggressively promoted the Philippines’ underdeveloped minerals sector as a key development path out of poverty for the nearly 40 percent of Filipinos who live on two dollars a day or less.

A mining law that took effect two years ago after prolonged legal challenges opened up the sector to foreign investment.

Last month Mrs. Arroyo also put the mining sector under the direct supervision of the presidential palace. – AFP