Mayor revokes mining firm's permit over 'fraud

By Franz R. Sumangil

Sep 19, 2022 12:18 am

THE mayor's permit of Sagittarius Mines Inc. (SMI), developer of Southeast Asia's largest untapped gold reserve, was revoked by the local government unit (LGU) of Tampakan town, South Cotabato, for alleged fraud and misrepresentation of its business status.

Mayor Leonard Escobillo canceled the mayor's permit, which he had issued to SMI that serves as a business permit to operate in the locality.

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