Philippines court of appeals has issued a writ of preliminary injunction enjoining the old board of the Nationwide Development Corp. from rescinding a joint-venture agreement that Nadecor signed with Toronto-listed mining firm St. Augustine Gold and Copper involving the King-king copper-gold mining project in Pantukan, Compostela Valley, in Mindanao.

Several companies are reportedly interested in reviving the Marcopper facility in Marinduque, which was shut down after its mine tailings leaked into the Boac River in 1996.

Manila Electric Co. (Meralco), the country’s largest distributor of electrical power, marked its reentry into the power-generation industry on Friday by acquiring a controlling interest in the $1.28-billion coal-fired thermal