Glencore-SMI has been eager to plunder the estimated 2.4 billion metric tons of copper-gold deposits in Mindanao since 1992, but has been stopped time and again even as it is currently supported by the Aquino administration," said Clemente Bautista, national coordinator of Kalikasan PNE.
Glencore has serious negative environmental and rights track records in different countries such as Colombia, South Africa, and the Democratic Republic of Congo, raking in billion-dollar profits from the extraction and trading of other people's resources and products across the globe," said Bautista
In a June 24 statement, Glencore sold its holdings in the 10,000-hectare Tampakan project to Australian miner Indophil Resources-NL, which holds 37.5% of the 40% controlling stake in Sagitarrius Mines Inc
(SMI), which runs the project.
"The people have been holding and will continue to hold various actions in the struggle against foreign mining projects.
From the LGUs maintaining their ban on open-pit mining, to environmentalists' street protests, down to indigenous people's armed defense and punitive actions from the New People's Army
, the people will continue to protect our homes and livelihood," asserted Bautista