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Benguet insists on rights over Kingking (Partnership over, says owner.
Byline: Neil Jerome C. Morales
Benguet Corp. yesterday said it remains the operator of a gold and copper project in Southern Mindanao and that a financing deal with a Chinese firm was valid despite protests by the mine's owner.
The statement came a day after Nationwide Development Corp. (Nadecor) said it had stripped Benguet of the right to become operator of the Kingking mine, citing the latter's failure to bring the project to commercial operations.
But Benguet, in a disclosure, said the partnership deal with Nadecor for Kingking still holds and that it did not have to secure consent to obtain financing from MinMetals International (HK), Ltd. in relation …
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- Nadecor hits back at Benguet.
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Newspaper article from: Philippine Daily Inquirer
January 19, 2009
700+ words
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Magazine article from: BusinessWorld (Philippines)
June 8, 2010
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Magazine article from: BusinessWorld (Philippines)
December 23, 2009
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- Benguet bucks arbitration over Kingking gold project.
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Newspaper article from: Philippine Daily Inquirer
February 25, 2010
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- Benguet financing deal with China's MinMetals 'void'.
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Magazine article from: BusinessWorld (Philippines)
December 9, 2009
700+ words
