Australian miner Indophil Resources NL on Thursday has confirmed that Glencore-Xstrata is preparing to divest its majority interest in the $5.9-billion Tampakan copper-gold project in Mindanao.
In a report to the Australian Stock Exchange, Richard Lauff–man, Indophil chief operating officer and managing director, said that Glencore-Xstrata has informed them of its preference to pursue divestment its stakes in the controversial project.
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