Miner Stung by Philippines Spat Eyes Growth in Trump's U.S.
- OceanaGold says mine crisis to cool investment in Asian nation
- Producer seeking to raise output at its new U.S. gold mine
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OceanaGold Corp. is targeting an expansion of its new gold operation in the U.S. amid a dispute between mining companies and President Rodrigo Duterte’s government in the Philippines.
“There has been significant damage done to the reputation of the Philippines as a place to invest, and as a place for foreign investment, and I would put us in that category,” Chief Executive Officer Mick Wilkes said in an interview. “My investors would now prefer that they had less exposure to the Philippines than more exposure.”