BREAKING NEWS

Maoist rebels attack two mines in the Philippines

By REUTERS

JULY 7, 2011 13:16

MANILA - Maoist guerrillas burned vehicles, equipment, and housing facilities and stole weapons of guards in two separate attacks on mines operated by private firms in the Philippines, the military said on Thursday.

Active in nearly all of the country's 80 provinces, communist New People's Army (NPA) rebels have long raised funds by extorting businesses and destroying property of those who do not pay, calling the payments they seek "revolutionary taxes".

Poor security is cited as one of the reasons why the potentially lucrative mining sector -- the Philippines has an estimated $1 trillion of mineral wealth -- has failed to develop as might have been expected.

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