Marcventures Lead Philippine Miners Lower After Duterte Warning

  • President-elect Duterte warns mining companies on environment
  • Mindanao mine development should be done by locals: Duterte

Marcventures Holdings Inc. and Global Ferronickel Holdings Inc. sank on concern Philippine miners in Mindanao will face closer scrutiny after President-elect Rodrigo Duterte warned companies whose operations threaten the environment to upgrade their practices or face closure.

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