Philippines Update
Published by MAC on 2006-11-11
Philippines Update
11th November 2006
Lafayette's Rapu Rapu project continues to hog the Philippines mining news, after the company was granted yet another 30-day extension on its test run, to much public disquiet. The mine again sustained damage from a typhoon, reminding people of the potential 'pit-falls' (quite literally) of mining in the Philippines.
As if to stress the point, the Philippine government has been in over-drive to persuade people that there is no further threat from what is left of the Marcopper mine and tailings dam, after an earthquake struck the area.
Other bad news for communities is confirmation that open-pit mining is the preferred option for the proposed Tampakan project. But there is bad news for London-listed Mincorp Asia, as the Court of Appeal rules against it's subsidiary in a battle over exploration rights.