ABS-CBNNEWS
MANILA - China's Zijin Mining Group is eyeing up to $1 billion in investments in gold and copper projects in the Philippines within 5 years, the secretary of the Department of Environment and Natural Resources (DENR) said on Thursday.
China's largest listed gold company signed a memorandum of understanding on Thursday with the Philippine government to signify their interest to enter into mining ventures in the Southeast Asian country.
"It's an MOU where their intention to invest was clearly stated," DENR Secretary Lito Atienza said.
"They can look for a local partner," Atienza said, adding Zijin has initially linked up with local mining firm NiHAO Mineral Resources International Inc. Read More...
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