US EditionChurch group hits Maharlika fund over $76.4 million mining loan
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Church group hits Maharlika fund over $76.4 million mining loan
The Catholic Church’s social action arm criticized the country’s sovereign investment fund for financing large-scale mining. The wealth fund, Maharlika Investment Corp (MIC), signed a binding term sheet to provide a $76.4-million bridge loan to Makilala Mining Company Inc., the local affiliate of Australia-based Celsius Resources Inc. The financing will be used to update the […] The post Church group hits Maharlika fund over $76.4 million mining…
·Manila, Philippines
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