Bullboard - Stock Discussion Forum St Augustine Gold and Copper Ltd T.SAU

May 28 Philstar.com According to COMP, headed by its chairman Michael Toledo, better opportunities lie ahead in South Cotabato and other areas from big-ticket mining projects. He said that together with Silangan and Kingking ($2-billion project of St. Augustine Gold and Copper Ltd in Compostela Valley) which are two other copper-gold projects in Mindanao, Tampakan would be a powerful vehicle to achieve a vibrant, multi-faceted local and regional economy that provides sustainable employment, business opportunities, and other social development programs that will improve and enhance the quality of life of those living in these projects host and neighboring communities. Toledo noted that when these projects go full swing, they can increase yearly national government revenues by P12 billion a year, local government revenues by P1.5 billion, exports by almost $2 billion, and social expenditures by P800 million per year, but added that COMP welcomes any regulatory changes that would allow the revitalization of mining in the country.