BHP Billiton can buy out its local partner in a Philippine nickel mine if both firms fail to settle a dispute that has stalled the $2 billion venture, a Philippine government official said on Tuesday.
BHP has been in disagreement with Asiaticus Management Corp over when to start commercial production at the Pujada nickel site in the southern Mindanao region, a disagreement that has reached the courts.
The Philippine group has accused the Anglo-Australian miner of moving too slowly in developing Pujada, estimated to have 200 million tonnes of nickel ore reserves with 1.3 percent nickel.
Source: Reuters
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