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Xstrata decision delayed

Source:AFP Published: 2012-9-20 23:30:04

Xstrata is unlikely to get quick approval for its $5.9 billion copper-gold project in the Philippines as the company had hoped, spokesman for Philippines' President Benigno Aquino said Thursday.

Xstrata's local operating unit sought direct intervention by Aquino and the interior ministry in July after what would be the country's largest ever foreign investment was blocked by the local government overseeing the project.

AFP

 

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