MANILA Mining Corp. on Tuesday said discussions for a possible joint venture with Philex Mining Corp. on the Kalayaan copper-gold project in Surigao del Norte this year are moving forward.

“Discussions on the potential joint venture with Philex Mining on the Kalayaan Project are progressing well. We are working on the details of the arrangement and we anticipate that we should be able to finalize or conclude the agreement soon,” Felipe Yap, Manila Mining chairperson and chief executive, told reporters.

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