Indophil backs Tampakan offer

XSTRATA’S bid to grab 100% ownership of the Tampakan copper-gold deposit in the Philippines took a backward step yesterday after Alsons Corporation which owns a small stake in Tampakan made an offer to purchase Indophil Resources’ 34.23% interest in the deposit.

Indophil backs Tampakan offer Indophil backs Tampakan offer Indophil backs Tampakan offer Indophil backs Tampakan offer Indophil backs Tampakan offer

Philippine-based Alsons, part of the Crosby Capital-led Stanhill consortium which has made an offer for Indophil, has offered $A1.

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