Lafayette admits losing ‘showcase stature’
First posted 00:59am (Mla time) Dec 03, 2005
By Blanche S. Rivera
Inquirer
LEGAZPI, ALBAY—Facing persistent opposition from environmentalists and local officials in Rapu-Rapu, Australian mining firm Lafayette Mining Ltd. said it deserves the loss of its showcase stature in the Philippine mining industry.
For the first time since the suspension of its gold processing operation last month, Lafayette admitted that no one, not even its shareholders and employees, wanted to be associated with the mine spills that caused fish kills and strengthened opposition to the project.
“The shareholders are not happy. We should be producing unhindered and generating revenue that starts to repay their (shareholders) faith and investment in the company,” McIlwain said in an interview at the mine site Wednesday.
