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Xstrata Focusing on Securing Approval for Philippine Project

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Feb. 16 (Bloomberg) -- Xstrata Plc is focused on securing environmental clearance and local government approvals for its $5.9 billion Tampakan gold-copper project in the Philippines, Sagittarius Mines Inc. President Peter Forrestal said in a speech in Manila today.

Sagittarius is a joint venture between Xstrata and Indophil Resources NL.

Link to Company News:{IRN AU <Equity> CN <GO>} Link to Company News:{XTA LN <Equity> CN <GO>}

To contact the reporter on this story: Cecilia Yap in Manila at cyap19@bloomberg.net

To contact the editor responsible for this story: Karl Lester M. Yap at kyap5@bloomberg.net

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