Mining companies raided in Philippines

Three mining companies in the Philippines have been raided by over 200 heavily-armed communist rebels, Forbes.com is reporting. The rebels burned heavy equipment, disarmed guards and briefly held people, according to officials.

Tagnito Mining Corp. — owned by Nickel Asia Corp., the largest nickel producer in the Philippines — was forced to temporarily halt operations. But a statement by the presidential executive secretary said foreign and Filipino employees are safe and that the attack should be treated as "an isolated incident."