Philippine Environment Secretary Nixes Tampakan Gold Copper Mine

The $5.9-billion Tampakan project in South Cotabato, potentially the country’s biggest foreign investment and one of the largest gold prospects in the world, will not materialize as Environment Secretary Gina Lopez remained firm in her decision not to allow its operations. Lopez has been firm on her stand against open pit mining. The mine’s operator, Sagittarius Mines, has already secured the declaration of mining feasibility and…

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