Sagittarius spokesman John Arnaldo:"There's always the judicial...

Sagittarius spokesman John Arnaldo:

"There's always the judicial option. It's a realistic option but is not our preferred option,"


Unfortunately, it might be one of only two options. Another 5 - 10 years lost in courts, or, will Xstrata walk rather than keep paying off the locals for an unknown duration with an unknown outcome? That is the current focus of my crystal ball. Xstrata distancing itself from the obligations and impediments. Site work has ceased due to violence, but is there any point for them to drill a single hole now, and as for land acquisition - forget it.

Article:

http://www.reuters.com/article/2012/07/12/philippines-mining-idUSL3E8IC44G20120712