Hurry up and wait. Oh what patience we have.
New mining projects Two mining projects are close to getting a final investment decision (FID). These are the KingKing Mining Project and the Silangan Mining Project. Kingking Mining Project is a A$ 2 billion project in Pantukan, Compostela Valley. The project is under the Mineral Production Sharing Agreement between the National Development Corporation (NADECOR) and St. Augustine Gold and Copper Ltd (Sagcl), a company listed in Toronto Stock Exchange. It is expected to produce up to 3.2 billion pounds of copper, 5.4 million ounces of gold and 11.7 million ounces of silver. The company targets to produce cathode copper by 2018 to 2019.