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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?

To: Ken Reidy who wrote (9060)	3/21/2005 5:47:14 PM
From: chip	Respond to of 18308

Looks like some interest developing in their properties. I grabbed this from the Stockhouse board: Philippines' Benguet in jv talks with Canada's Ivanhoe, Australia's Rusina MANILA, Mar 16, 2005 (AFX-Asia via COMTEX) -- Benguet Corp said it has received inquiries and proposals from Ivanhoe Nickel and Platinum Ltd of Canada and Rusina Mining NL of Australia regarding its nickel laterite property in Zambales in northern Philippines. "Following a recent international mining conference, the company has received inquiries and has initiated talks with several foreign firms on their interest to conduct due diligence in four exploration and development projects of the company," Benguet told the stock exchange in a disclosure. These properties are the Kingking copper porphyry project, Kingking epithermal gold project, both in Compostela Valley, in southern Philippines, the Balanga-Bataan gold project and Ampucao copper-gold prospect in Itogon, Benguet, in the northern part of the country. Earlier, Benguet said it was in discussions with the Japanese group of Sojitz Corp and Sumitomo Metal Mining Corp on the exploration and development of its nickel mining site in Zambales. It said the Metallurgical Construction Corp of China was also interested in the Zambales nickel mining project. Benguet had said it would need a total of 1.3 bln usd to jump-start its mining ventures. The Supreme Court, reversing its earlier decision, ruled late last year to allow foreign investments in mineral exploration and development in the Philippines.