PMEA Blog

Indophil Resources NL, part-owner of the highly prospective Tampakan project in the Philippines, is well placed to take advantage of the country`s resurgent mining industry. Managing director Tony Robbins spoke to MJ Online editor Simon Jessop at his exhibitor`s booth in the Business Lounge at this year`s Mines and Money conference…Â
Q: Tony, the company […]

GeoGrace Resources Philippines Inc., formerly Global Equities Inc., has formed a joint venture with Australia’s Rusina Mining N.L. to develop mining projects in the Philippines.
GeoGrace, in a disclosure to the stock exchange, said the partnership with Rusina Mining, which is listed in the Australian Stock Exchange, involves a share swap between the two companies.

Mining boosters insist Filipinos are squandering valuable opportunities for sustainable development by giving companies engaged in this highly controversial extractive industry a hard time.
Litigation and street protests merely stall the discovery of the wealth lying beneath our feet, they say. What fools Filipinos are for passing up this chance at progress!

Melbourne-based Lafayette Mining Ltd has had a year to forget.
After contaminated water leaked from a tailings dam at its Rapu Rapu mine in late 2005 production was suspended and extensive remedial work began.

MELBOURNE: Oceana Gold, which took over rival miner Climax Mining this month, said Thursday it wants to buy more deposits of the precious metal to feed rising demand.

Melbourne-based Oceana Gold Ltd plans more acquisitions to follow up its A$80 million takeover of rival miner Climax Mining Ltd earlier this year to feed rising demand for the precious metal.

Perth-based engineering and development company GRD Ltd gold spinoff OceanaGold Ltd has successfully completed its merger with NSW-based Climax Mining Ltd.

A local priest in the central Philippines island of Rapu Rapu has accused the media of being biased in favour of an Australian owned mining company, Lafayette Mining, in their coverage of a mine spill on the island as the government decides on the mine’s fate.

Indophil Resources NL has increased its cost estimate for the Tampakan copper-gold project by 40% to US$1.4 billion, while Xstrata plc has announced that it will fund further exploration work at the site.

RAPU-RAPU, Albay - The Department of Environment and Natural Resources in Bicol will decide within two weeks time whether Lafayette Philippines, Inc. will resume its regular mining operation after the two-month test run.