Mindoro Resources Ltd. (MIO.V) said it signed a non binding letter agreement with a member of the Gold Fields group of companies, whereby Gold Fields may earn up to a 75% interest in three of Mindoro's Batangas projects. According to the agreement, Gold Fields can earn interests in Mindoro's El Paso, Lobo and Talahib porphyry copper-gold projects located in the Batangas Province of southern Luzon, the Philippines.
The company said it has granted Gold Fields a 90 day period within which Gold Fields can conduct further due diligence. Mindoro expects to conclude the formal agreement during this period.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.