Omico rises on talk that mine will reopen

First posted 10:13am (Mla time) July 21, 2006
Xinhua Financial News Service

http://news.inq7.net/archive_article/index.php?ver=1&index=1&story_id=10986

OMICO Corp rose on conjecture that it will re-open its copper mine in the northern province of Benguet, dealers said.

In early trading, Omico was the most is heavily traded stock, and was up 0.001 peso or 10 percent at 0.011, on volume of 1.94 million shares.

A column in the Philippine Daily Inquirer, without giving any sources, reported that Omico was set to sign a joint venture agreement with a Canadian firm to reopen its Benguet copper mine. The column gave no details.

In 1993, a landslide halted the company's mining operations there.

(1 dollar = 52.29 pesos)
Cecille Yap