DMCI discloses plan to acquire large cooper, gold mining assets

DMCI Holdings Inc. of the Consunji Group is looking to expand its mining portfolio by acquiring copper and gold mines.

“Right now, we have various assets that are not being operational waiting for perfection of the required operational licenses and permits,” Consunji said. He said Calaca unit 2 with 300-megawatt capacity under Semirara Mining and Power Corp. would resume operations on or before the end of May after repair, while DMCI Power would add 40 MW of capacity.

Consunji also reported that the company would keep CHP listed in the stock exchange even after conducting a mandatory tender offer to acquire shares owned by minority shareholders.

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