Philippines and MILF reach wealth-sharing deal

MILF will receive 75% of the gold, copper and other resources mined from the southern island.

Philippines and MILF reach wealth-sharing deal

World Bulletin / News Desk

The Philippines has reached a deal with the country's largest Muslim rebel group to share wealth generated from Mindanao's natural resources.

The Moro Islamic Liberation Front (MILF) will receive 75% of the gold, copper and other resources mined from the southern island.

It follows lengthy negotiations aimed at ending a 40-year conflict that has cost an estimated 120,000 lives.

Sunday's agreement was reached after six days of talks in Malaysia's capital Kuala Lumpur.

The MILF, created after a split with another rebel group in 1977, originally wanted an independent Muslim state, but dropped this demand.

Last Mod: 14 Temmuz 2013, 17:12
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