Philippines? Indophil to invest in Indonesia: Report
Wednesday, January 24 2007 - 11:57 PM WIB
Indophil Resources NL, which has sold a 62.5 percent stake in the Philippines' largest copper deposit to Xstrata Plc, plans to use part of the proceeds to acquire other mining projects in the region.
``One of these projects that is getting closer to some form of disclosure is a copper-gold project in Indonesia,'' Indophil spokesman Gavan Collery was quoted as saying by Bloomberg on Wednesday. He declined to give more details. (*)