Facts
ADB extended to Marcopper a US$40M loan for
its mining project at Marinduque
·
ADB and Placer Dome, Inc., a FC
which owns 40% of Marcopper,
executed a Support and Standby Credit
Agreement whereby the latter agreed to provide Marcopper with cash flow
support.
·
Marcopper executed in favor of
ADB a Deed of Real Estate and Chattel Mortgage covering substantially all
of its properties and assets in Marinduque....
