Mining investments in Philippines to reach $348 million in ?07

MANILA — Environment Secretary Angelo Reyes sees brighter prospects for the mining industry this year with investments projected to reach $348 million.

Reyes said the expansion of the HPAL facility in Coral Bay in Palawan would bring in a$154 million, the continuing rehabilitation of the Carmen copper project in Cebu would bring in $97 million, and a gold project in Masbate, $36 million.
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Philippines: Napocor to be privatized by 50% in December

MANILA — In line with President Gloria Macapagal-Arroyo’s thrust to ensure enough and cheap energy for communities and industries, the Power Sector Assets and Liabilities Management (PSALM) is set to privatize 50 percent of the National Power Corporation’s (NAPOCOR) assets within the year.
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