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PIA Press Release
2008/02/28

Norway-based mining firm execs call on PGMA; eye expansion project in RP

Manila (28 February) -- President Gloria Macapagal-Arroyo welcomed today officials of a Norway-based mining company who are on study tour for a possible business expansion in the Philippines.

"Welcome to the Philippines. I'm glad you continue to keep your interest in my country and hope to see your company putting up more investment here," the President told them.

For his part, Intex Resources ASA chairman Kjell E. Almskog thanked the President for the opportunity of meeting her despite her hectic schedule.

"Thank you so much for giving us the opportunity to visit you here as we study the possibility of expanding our business here," Almskog told the President during the courtesy call held at Malacanang's Music Room this morning.

He was accompanied by Department of Enviroment and Natural Resources (DENR) Undersecretary Ramon Paje, Intex chief executive officer Hans Christian Qvist and executive vice-president Jon Steen Petersen.

Intex Resources ASA, headquartered in Oslo, Norway, is engaged in the production of non-precious metal and mineral products. Its main asset is the Mindoro Nickel Project located on the island of Mindoro in the Philippines with large nickel laterite deposits.

The company operates through three Philippines-based subsidiaries: Crew Minerals Philippines Inc., Aglubang Mining Inc., and Alagag Mining Inc. (OPS) [top]

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