TVIRD moves listing to 2016

Canada’s TVI Pacific said on Friday it is considering moving the planned listing of its local unit at the Philippine Stock Exchange by another year because of low metals prices and uncertainties caused by government’s mining policy.

Clifford James, TVI president and chief executive officer, said that it would be difficult for TVI Resource Development Philippines Inc. (TVIRD) to push through with its initial public offering this year – unless there is favorable development in the country’s legislative environment and rapidly falling metals prices starts to back up.