|photos from mining.com|
SMI's target for commercial operations has been moved to 2018. I am not surprise buy it. The rejection of its Environmental Compliance Certificate (ECC) and the possible changes of the location for its port and power plant facilities are the reasons why they do such act.
The security problems encountered in Malalag, Davao del Sur cast doubt in the area whether they will continue their operations or not. That is why they are considering Kamanga, Maasim for potential site for its coal-fired power plant and port facilities in support of its planned $5.9 billion Tampakan copper-gold project.
SMI will build a 100 km pipeline that runs from Tampakan to South Cotabato, General Santos City up to Maasim in Sarangani. This will carry the copper concentrates from its mine to the port.
There is a possibility that SMI and Alsons Energy Development Corp. (AEDC), a subsidiary of the Alcantara Group, will collaborate in the future. They entered into an agreement for a joint feasibility study for the area in Maasim, Sarangani province.
For now, all we can do is to stay vigilant, do your own research and hope for the best.
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