Apollo unit to mine magnetite in Cagayan

By Jordeene B. Lagare

Dec 07, 2020 12:15 am

THE mining company of listed Apollo Global Capital Inc. is to commence the extraction of magnetite iron reserves in the seabed off Cagayan by next year.

In a statement, Apollo Global unit JDVC Resources Corp. said it would be partnering with entrepreneur Frank Lao, owner of Choi Garden, for this project, touted as the first for the Philippines.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.