Copper/gold project mineworker shot and killed in Philippines, two more injured

A mineworker was killed at Xstrata’s Tampakan copper/gold mining project in the Philippines, while a nickel operation has also been attacked and equipment and buildings destroyed by Communist rebels.

MANILA (Reuters) -

A worker at the Tampakan copper and gold exploration site in the southern Philippines was killed and two others wounded when a lone gunman fired on their vehicle, local police and mine owner Xstrata (XTA.L) said on Monday.

The lode is one of Southeast Asia’s richest untapped deposits, with an estimated 12.8 million tonnes of copper and 15.2 million ounces of gold. It is 62.5 percent owned by Swiss-based mining giant Xstrata.[Continue Reading...]

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