Philippines removes last hurdle for stalled Tampakan copper-gold project - BusinessWorld Online

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A provincial government in southern Philippines has reversed its 12-year-old policy banning open-pit mining, removing the final regulatory hurdle for the stalled Tampakan copper-gold project, the industry regulator said on Monday. READ:

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The Tampakan project in South Cotabato province is the Southeast Asian country’s biggest stalled mining project with development cost previously estimated at $5.9 billion before it was hampered by the provincial ban imposed in 2010. Duterte, who will end his six-year term next month, lifted the nationwide ban late last year, one of his two landmark policy reversals that sought to revitalise the mining industry.

“All the major requirements to legally support the mining operation has been complied with,” he added.

 

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