Indophil...IRNFrom...

Indophil...IRN

From
http://www.gmanews.tv/story/149255/Tampakan-feasibility-study-to-start-in-July--Xstrata

"Xstrata Copper owns 62.5% of the South Cotabato mine (Tampakan) and exercises management control in the venture pursued through Philippine affiliate Sagittarius Mines.

Xstrata Copper has sent the results of the pre-feasibility study, which included 9,000 meters of drilling, to partners Australian Indophil Resources NL and Filipino conglomerate Alsons Corp.

Indophil has a 34.23% stake in Tampakan, while Alsons owns 3.27%. Details of that 2008 study, however, have remained undisclosed.

Last month, Indophil said it had no reason to amend the estimated mineral resources at the Tampakan project, which it had placed at 2.2 billion tons. In its 2008 year-end report, Indophil said it had completed in the middle of last year its own assessment while Sagittarius was doing its extended pre-feasibility study"

And from http://www.mineweb.net/mineweb/view/mineweb/en/page36?oid=78568&sn=Detail

"LONDON (Bloomsbury Minerals Economics) -

Copper's near term prospects are bleak, of that few are in any doubt. But, the loss of many mining projects in the production pipeline due to the credit crunch and low copper prices gives hope for a copper price recovery sooner than many would expect. This can only be good news for the mining industry."
...
"Further down the project pipeline, exploration work at Xstrata and Indophil Resources' large scale Tampakan project in the Philippines was further delayed in late December when an employee was shot by local communist rebels. The project, which is estimated to contain 12.8 Mt of copper and 15.2 Moz of gold, was originally expected to enter production by 2012."