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Asia Visual Field In Philippine

Asia Visual Field In Philippine

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International Mining News

Latin Resources sells Peruvian assets

Explorer Latin Resources has signed a memorandum of understanding (MoU) to sell its Mariela concession, in Peru, to Total Genius Iron Mining (TGIM) for some $2.5-million.The MoU documents the terms of sale of five concessions in Peru, covering some 3 200 ha, and representing 2.8% of Latin’s concessions in the iron-oxide/copper/gold belt of southern Peru.The Mariela concessions are currently subject to an earn-in option agreement under which shareholder Junefield Group subscribed to a placement of 30-million ordinary shares in Latin, at a 51% premium to the then share price, for $8.1-million.

Mineral Resources In Philippine

Philippines is an important mineral resources island in the circum Pacific metallogenic belt.To calculate mineral reserves per unit area, Philippines gold reserves ranking the third in the world, the mineral reserves ranking fourth in the world, nickel ore reserves ranked fifth in the world, chrome ore reserves rank the sixth in the world.In Philippine the most famous mines are iron, copper, gold, molybdenum most prestigious.As we all knowthe famous Larap iron, copper polymetallic deposit and Bala Gong produced in large gold deposits on the area.

Investment Prospect In Philippine

In recent years, Philippines government in accordance with the needs of national economic development, advocate the reform of the system of modern mining, mining development prosperity and competitive industry revival plan, hope that through the Renaissance of Philippines mining, attract more mining investment, create jobs, increase government revenue, reduce poverty, promote economic growth. China is a relative lack of mineral resources of the country, Philippines is rich in mineral resources and adjacent and our excellent geographical location, is the ideal area of overseas mineral resources development. The development of mineral resources in Philippines and China Philippine cooperation will bring win-win situation for both countries.

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