Presidential Communications Operations Office

  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Sunday, 8 December 2019 News Before 1 Feb 2012. Click for Latest
Web PIA  
 << December 2019 >> 
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31
Special News Editions:
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
PIA Archive News Reader

PIA Press Release

UK's Anglo-American poised to invest US$500-M in Surigao mines

Manila (5 August) -- British mining company Anglo-American plans to invest 500 million US dollars in a copper gold mine in Surigao del Norte, the British embassy announced Monday.

The embassy emphasized the mission is "exploratory" but if it "successfully discovers" sufficient reserves of the precious minerals, operations will immediately commence in partnership with Philex Mining and Manila Mining.

UK ambassador Peter Beckingham projects that an estimated 2,500 jobs are expected to be created and local taxes will rise to more than double the current level once operations commence.

Beckingham reported the good news to more than a hundred businessmen in Surigao City during a recent visit there, the first on record by a UK diplomat and one of only four by any chief of diplomatic missions in the last eight years.

Surigao del Norte and neighboring areas are listed among the top 10 poorest in the Philippines, where illiteracy is widespread and health care is inadequate.

The planned investment would "be a major boon for the local people and government," Beckingham said in announcing his support of the private venture.

"I am confident that the people of Surigao Del Norte would benefit from the proposed development of a copper/gold mine by Anglo American," he noted.

However, Beckingham expressed his apprehension that "jobs and money in the local community would be lost" if Anglo-American's plans are opposed and prevented, saying that "would be a sad day for the Philippines and the province."

He described Anglo-American as one of the biggest mining corporations in the UK with a solid track record in responsible governance and sustainable environmental development.

He noted the British company's willingness to help local people rise up from poverty while protecting the environment, confident that Anglo-American is committed to uphold good relations with the local government and civil society.

During his two-day stay in Surigao City in Eastern Mindanao, Beckingham also opened a Business Investment Center with the City Mayor and met with the provincial Vice-Governor Noel Catre and community representatives.

He also visited a number of new tourist developments in Surigao, its seaports, and the Surigao Heritage Center, where he was told that a UK adventurer, William Dampier, was one of the first-ever overseas explorers to visit the Philippines and landed in Surigao in 1686.

Noting this, Beckingham expressed that "it would be a great full circle if the UK can return with major investments in this beautiful province in the 21st century." (PIA-MMIO) [top]

|«  prev  next  »|
»Davao metro shuttle bus to provide seats for breastfeeding mothers
»Stanfilco's blesses breastfeeding station
»Stay-behind forces to help barangay defense system
»CMDF conducts seminar on construction testing for field engineers
»Ulama hails PGMA in conducting dialogues in achieving peace
»2nd batch 17 women finish cosmetology training
»Davao Norte prov'l staff join 1st SONA info quiz
»New Davao malls to attract provincial mallgoers
»Investments trooping to Davao City
»Pantawid kuryente availed by Capiceņos this month
|«  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines