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Title to the deposit is held under a financial and technical assistance agreement (FTAA) with the Philippines government, which has agreed to take a predetermined share of the project cash flow, on payment of the development capital. The Tampakan mining project is the single largest foreign direct investment in the Philippines.
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The Philippines is known for its rich reserves in copper, gold and nickel with about 9 million hectares out of the total land area of 30 million hectares identified as having high mineral potential. Despite such recognition in respect of its mineral endowment, however, the contribution of the mining industry to the Philippine economy is ...
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