Biggest Philippine Copper Mine Needs Strategic Partner, CEO Says

The company behind what is set to be the Philippines’ largest gold and copper mine is searching for a strategic partner, its chief executive said, as it pushes back its production timeline.

Sagittarius Mines Inc. is developing the Tampakan project on its own, but is “looking for a strategic partner” that can offer “modern technology,” Chief Executive Officer Roy Deveraturda said in a text message on Wednesday. “I believe many companies are interested.”