Medusa Mining gets environmental thumbs up
Medusa Mining rose after announcing its Philippines operating company had received the necessary environmental permits to operate its new mill.
Medusa Mining rose after announcing its Philippines operating company had received the necessary environmental permits to operate its new mill.
The firm said its subsidiary, Philsaga Mining, had been granted the Environmental Clearance Certificate for its new Co-O Mill, permitting it to process 2,500 tonnes of ore a day.
Construction of the new Co-O Mill remained on schedule for commencement of operation in mid-2013.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Medusa's shares were up 2.9% by 1130 on Wednesday.
MM
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Shein shifts IPO focus to Hong Kong
The development piles fresh pressure on London’s beleaguered stock market, which many had hoped would be boosted by Shein’s IPO
-
Scientists turn lead into gold – could it wreck the yellow metal's price?
Medieval alchemists have been vindicated after scientists turned lead into gold, but the results aren’t going to crash the gold price any time soon