Sunday, May 30, 2010
Freeport considering $5B investment in Philippines gold mine
Business World is reporting that Phoenix-based Freeport McMoRan Copper and Gold is ready to invest $5 billion in the Siana gold mining project in the Philippines. They quote the Mines & Geosciences director who said he met with Freeport's VP of Exploration David Potter.
Siana is run by Australian mining company Red 5 Ltd and is expected to start production in 2011.
at 5:08 PM