KORONADAL CITY (MindaNews / 13 June)– Sagittarius Mines, Inc. (SMI), developer of the controversial $5.9 billion Tampakan copper-gold project, has hailed the appointment of its chairperson, lawyer Gilberto “Gibo” Teodoro […]
President Fedinand Marcos Jr. and Defense Secretary Gilberto “Gibo” Teodoro Jr. during the latter’s oath-taking ceremony on June 6, 2023. Photo from SMI website
Teodoro served as Chairman of the Board of SMI from 2015 up to his appointment and led the company in achieving critical milestones for the Tampakan project, putting it in a ready position to construct and operate as soon as possible, the company said in a statement dated June 8, posted on its websiteSMI said it has invested at least P32 billion to the Tampakan project, with P3 billion paid in national and local taxes and about P1.
Teodoro had served as the DND secretary from 2007 to 2009 under the Arroyo administration and the Representative of the First District of Tarlac from 1998 to 2007. Teodoro was recognized as a Leadership Awardee and Seminar Academic Excellence Awardee after completing the Philippine Air Force’s Air Command and Staff Course in 2001.
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