Trading of 6 Mining Firms Temporarily Stopped in Stock Exchange

Trading in the Philippine Stock Exchange of six firms, namely Benguet Corporation, Global Ferronickel Holdings, Lepanto Consolidated Mining, Marcventures Holdings, Nickel Asia, and Oriental Peninsula Resources Group, were temporarily halted last Friday after the Department of Environment and Natural Resources ordered the closure or suspension of several mining companies. Market reaction, however, was noticeably subdued with a drop in the mining index of only 0.31% as most investors have already dumped mining…

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