Tampakan Copper-Gold Project Takeover Advances

MANILA, Philippines — Dominion Holdings Inc.’s planned takeover of the Tampakan copper-gold project has cleared another key hurdle after its shareholders approved on Monday the listed firm’s proposed merger with two companies that hold rights over the project’s operator. In a stock exchange filing yesterday, the Sy- and Consunji-backed firm said its shareholders had given the green light to the merger that would allow it to secure a controlling stake in the Tampakan project. The Tampakan copper-gold project is considered one of the largest undeveloped copper and gold deposits in the world. Source: Inquirer Business