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                    [Title] => MMC unable to profit from high metal prices
                    [Summary] => Gold and copper prices are making a rebound in the international market, but Manila Mining Corp. (MMC) can’t seem to take advantage of the situation after closing down a major minesite.


One of the country’s foremost copper and gold producers, MMC suffered a net loss of P128.45 million in the first half as against a net income of P6.88 million in the same period last year due to the limited mining operations.


                    [DatePublished] => 2001-09-26 00:00:00
                    [ColumnID] => 133272
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                    [SectionName] => Business
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                    [ArticleID] => 128066
                    [Title] => Manila Mining suspends operations, lays off 66% of workers
                    [Summary] => Manila Mining Corp., one of the country’s leading copper and gold producers, has suspended its operations and retrenched about two thirds of its employees at its minesite in Placer, Surigao del Norte due to accidental waste spillage problems.


In a disclosure to the Philippine Stock Exchange, MMC said the shutdown of its operations took effect the other day in view of the expiration of the Temporary Authority to Construct and Operate Tailings Pond No. 7 issued by the Department of Environment and Natural Resources last January.


                    [DatePublished] => 2001-07-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
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HEINE PIT

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                    [ArticleID] => 134822
                    [Title] => MMC unable to profit from high metal prices
                    [Summary] => Gold and copper prices are making a rebound in the international market, but Manila Mining Corp. (MMC) can’t seem to take advantage of the situation after closing down a major minesite.


One of the country’s foremost copper and gold producers, MMC suffered a net loss of P128.45 million in the first half as against a net income of P6.88 million in the same period last year due to the limited mining operations.


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                    [ArticleID] => 128066
                    [Title] => Manila Mining suspends operations, lays off 66% of workers
                    [Summary] => Manila Mining Corp., one of the country’s leading copper and gold producers, has suspended its operations and retrenched about two thirds of its employees at its minesite in Placer, Surigao del Norte due to accidental waste spillage problems.


In a disclosure to the Philippine Stock Exchange, MMC said the shutdown of its operations took effect the other day in view of the expiration of the Temporary Authority to Construct and Operate Tailings Pond No. 7 issued by the Department of Environment and Natural Resources last January.


                    [DatePublished] => 2001-07-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] =>  Christina Mendez
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abtest

MMC unable to profit from high metal prices

September 26, 2001 - 12:00am

Gold and copper prices are making a rebound in the international market, but Manila Mining Corp. (MMC) can’t seem to take advantage of the situation after closing down a major minesite. One of the country’s...

Business

Manila Mining suspends operations, lays off 66% of workers

By Christina Mendez | July 27, 2001 - 12:00am

Manila Mining Corp., one of the country’s leading copper and gold producers, has suspended its operations and retrenched about two thirds of its employees at its minesite in Placer, Surigao del Norte due to...

Business