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In a 7 a.m. (7... Email Print Related News Filipinos re-enact Jesus's crucifixion in Easter ritual Fri, Apr 22 2011 Gold soars to record in sixth straight session Fri, Apr 22 2011 Gold hits record for fifth session, dollar tumbles Thu, Apr 21 2011 UPDATE 4-Gold co Newmont's profit up, beats Wall St view Thu, Apr 21 2011 Gold breaks $1,500 as investors seek security Wed, Apr 20 2011 Analysis & Opinion Fracking leak hands Earth Day gift to green energy On the front lines of the Ivorian crisis Related Topics World » Stocks 1 / 4 An aerial view of a shanty town buried by a landslide in a mining area in Kingking village of Pantukan town in Compostela province, southern Philippines April 22, 2011. Credit: Reuters/Stringer MANILA | Fri Apr 22, 2011 10:51pm EDT MANILA (Reuters) - Rescuers resumed a search on Saturday for survivors of a landslide that swept through a shanty town in a mining area on the southern Philippine island of Mindanao, as the mayor revised down the death toll sharply. In a 7 a.m. (7 p.m. EST) situation report, the national disaster agency said three people were dead, 10 injured and 22 were missing after the landslide, which hit part of Kingking village in the early hours of Friday. Pantukan Mayor Celso Sarenas said on Friday 27 bodies had been found after the landslide, but later told reporters by text message that he had been misinformed by health workers. "So far 22 are reported missing but there could be more because there are some transients who arrived but did not register," he said. Shanty towns have mushroomed around Kingking after a gold rush in the area nearly 20 years ago. Many of the mining operations are illegal and unregulated, and there are frequent accidents. U.S-based, Canadian-listed mining firm St Augustine Gold & Copper Ltd and the Philippines' Nationwide Development Corp said the landslide happened in a remote area some distance away from where they were conducting environmental and engineering studies. On its website, St Augustine said the Kingking prospect is one of the largest underdeveloped copper-gold deposits in the world. The government's mines bureau has listed Kingking as one of its priority investment projects. "As quickly as it is feasible and safe, we will offer our assistance to help determine the cause of the incident," the companies said in a joint statement, also offering their assistance in search and rescue operations. "Tragically, landslides of this sort are common throughout this area due to unstable slopes and frequent heavy rains." Two years ago, a landslide in another part of the village killed more than 20 people, including some children. Residents had been ordered to relocate due to the instability of the land and risk of landslides. The Philippines sits on an estimated $1 trillion untapped mineral deposits, but has only targeted to attract $1 billion in mining investment this year. (Reporting by Manny Mogato and John Mair; Editing by Robert Birsel) World Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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