Mine firm fears $6-M loss over 'squatting' row

QUEZON, Nueva Vizcaya: A national government-sanctioned British mining corporation in Barangay Runruno here over the weekend said it has suffered losses and is on the verge of losing $6.2 million (P328 million) more this month as a result of its failure to access part of its contract area claimed by "surface occupants" and others tagged as "illegal settlers."

FCF Minerals Corp. said it cannot fully operate and exercise its mining rights over the mining contract area as the company is being prevented by occupants who claim to have a right over the area and are entitled to just compensation.