Philippines Delays $2.9 Billion in Mining Projects Until 2013

MANILA, PHILIPPINES--November 27, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--The impact of recent reforms in the Philippines mining sector are now being felt, as five mega-mining projects worth about $2.9 billion have been delayed or deferred until 2013. The projects were set to commence this year as part of the industry's goal of hitting $2 billion of fresh investments in 2012.

Other companies featured: St. Augustine Gold & Copper Limited (TSX:SAU)