RE: News from Philippines - Lepanto
The Philippine Daily Inquirer Puts a clear lead on the Lepanto-Ivanhoe story in its July 13 edition:
Extracts below:
"Zijin, Ivanhoe review mining plans"
"ZIJIN Mining Group Co. Ltd. of China and Ivanhoe Mines Ltd. of Canada are having second thoughts about investing in the mining projects of Lepanto Consolidated Mining Co. (Lepanto) due to political uncertainties.
"A ranking source from the mining industry said the two firms were waiting for the fluid political situation to settle before they resume serious talks to invest in Lepanto's mine projects.
"The source added that the investors were closely following the developments in the labor situation at Lepanto's mine site in Benguet.
"'The labor dispute we can do something about, but the political uncertainty is beyond us,' the source said.
"Lepanto's Mankayan mine in Benguet was crippled in June by a labor strike involving 1,635 members of the Lepanto Employees Union (LEU).
"The mine resumed operations last week.
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