Philippines Pushes to End Mining Lawsuits to Pave Way for Sale

The Philippines is forming a government task force to resolve legal cases involving its mining assets, trying to push forward with their sale, Finance Secretary Carlos Dominguez said.

Lawsuits have hampered the government’s efforts to privatize the assets, Dominguez said in a statement on Sunday. The new inter-agency team seeking to untangle the legal issues will include representatives from the finance and environment departments.

Among the mining assets under litigation include the nickel mines of Nonoc Mining and Industrial Corp. in Surigao del Norte, the copper-gold project of Maricalum Mining Corp. in Negros Occidental and the gold-copper mines of North Davao Mining. The finance department said assets of these companies were foreclosed by the government and eventually auctioned off, but the winners didn’t fulfill their obligations, resulting in litigation.

San Miguel Corp.’s major shareholder, Top Frontier Holdings Inc., counts the Nonoc mine in its assets. Manila Standard in July 2018

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Consider Gold, Mining Stocks And Farmland

It’s time to start worrying about inflation. Although inflation has been low and fairly steady in the past decade, prices will begin accelerating in 2021 and 2022. The Federal Reserve will be slow to react, allowing inflation to accelerate for two or three years, as I argued in Higher Inflation From The Fed’s New Strategy—And More Business Cycles. Increasing inflation has implications for businesses and workers, but this article will focus on investors. What’s a good inflation hedge, and how good a job can one do?

The classic inflation hedges are gold, other commodities, real estate and, some argued, stocks. There are possibilities in all these categories, though investors should not expect any of these to work perfectly.

The answers here are speculative. We lack good data over multiple inflation spells to know for sure how different

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