Yahoo! Philippines News - Live 2013 Philippine Elections News Updates and Results: SMI's parent firm to slash jobs, spending at $5.9-B Tampakan mine

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SMI's parent firm to slash jobs, spending at $5.9-B Tampakan mine Aug 13th 2013, 19:08 MANILA - Glencore Xstrata will cut up to 920 jobs and slash spending at its $5.9 billion Tampakan copper-gold project in the Philippines, one of several future mines under review since the company was formed in a record-breaking takeover.Tampakan, a challenging project in a restive region of the southern Philippines, has not been officially put up for sale. ...

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