So, BHP Billiton, the world’s mining industry numero uno; whose CEO receives an annual salary and benefits package that could feed all residents of Macambol for many, many years; has given up its stake at the Pujada Nickel Project in Macambol, Mati, Davao Oriental.
The formidable “enemy of the people” of Macambol is finally moving out of their lives.
But what does this really mean?
Some in the global mining sector were baffled by this development. They wonder why BHP Billiton is making major changes in its nickel subsidiary, totally abandoning two nickel mining operations in Indonesia and the Philippines; and selling other nickel- related businesses. Continue reading