MANILA : The Philippines' biggest mining project, the Tampakan copper-gold site in Mindanao, may begin commercial operations in the last quarter of 2026 at the earliest, project developer Sagittarius Mines Inc. said on Friday.Regulatory concerns over the Tampakan project, which had been hampered by a 12-y
MANILA : The Philippines' biggest mining project, the Tampakan copper-gold site in Mindanao, may begin commercial operations in the last quarter of 2026 at the earliest, project developer Sagittarius Mines Inc. said on Friday.
"The most optimistic estimate is last quarter of 2026, but you know sometimes we experience delays because of supply chain issues," he told Reuters after his speech. The project in the southern province of South Cotabato covers an area of about 10,000 hectares and is estimated to contain 15 million tons of copper and 17.6 million ounces of gold.
The lifting of the Southeast Asian country's ban on open-pit mining and the moratorium on new mineral agreements has ushered in a new era for a sector hit by years of restrictive domestic policies that scared off foreign investors.
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