PMEA Blog

MANILA, Philippines: The Philippines allowed an Australian-operated mine to resume operations Thursday following a 2005 cyanide-laced waste spill.
Lafayette Mining Ltd. had temporarily suspended commercial mining on Rapu Rapu island in the central Philippines after the incident.

The Philippines will decide on Thursday whether to allow Australia’s Lafayette Mining Ltd to reopen its copper and zinc mine, Environment Secretary Angelo Reyes said.
Reyes had widely been expected to announce the reopening of the mine, more than a year after it was shut due to cyanide spills.

Environment and Natural Resources Secretary Angelo Reyes will conduct an ocular inspection of the Rapu-Rapu Polymetallic Mine on Rapu-Rapu Island in Albay early next week to validate the company’s compliance with the environmental conditions and other safeguards set by the Department of Environment and Natural Resources (DENR) before the mining firm is allowed to operate […]

MANILA: The Philippines expects investors to pour $348 million into 24 mining projects this year after a dismal 2006 when local opposition to foreign miners helped cut investments to $109 million.
“We are really headed for a take-off this year and we foresee a mining boom setting in in 2008,” Environment and Natural Resources secretary Angelo […]

LONDON (AFX) - Toledo Mining Corp PLC said its first shipment of laterite nickel ore has left the Berong anchorage in Philippines but added that at about 19,000 tonnes, it is less than the expected 40,000 tonnes.
The shortfall was caused by a combination of factors, including the ship charter period expiring, poor sea conditions preventing […]