PMEA Blog

The exploitation of a country’s mineral resources can only be justified if it does not irreparably damage the environment and if it benefits the community and the nation as a whole. This is beyond all argument. “(From the DENR Summary Report on Rapu-Rapu)
The US$42-million (P2.2. billion) Rapu-Rapu Polymetal-lic Mining Project is intended to produce gold, […]

June 20 (Bloomberg) — Toledo Mining Corp. said it will conclude talks with BHP Billiton Ltd., the world’s largest mining company, on supplying nickel ore from its Berong project in the Philippines by the end of the third quarter.
Toledo Mining, based in London, wants to get an agreement to sell as much as 50 percent […]

A trading halt has been placed on Otago-based mining company Oceana Gold, as the company prepares to de-list in its current incarnation and re-list as Oceana Gold Corporation.
The renamed entity will also be listing on the Toronto stock exchange (TSX) on June 26, and will be looking to raise a further $NZ 112 million in […]

Lafayette Philippines has accused anti-mining groups of what it described as irresponsible and misguided advocacy that is actually anti-poor and economically destructive.
“These groups are paid to taint mining companies and seek to close them down in the guise of protecting the environment. For them, it is actually a job, which makes them fake champions because […]

MANILA, June 13 (Reuters) - The Philippines’ Berong nickel mine, whose inferred resource is said to be the world’s fourth biggest, has shipped nickel to China equivalent to almost 40 percent of its 2007 export goal of 920,000 tonnes.
Atlas Consolidated Mining and Development Corp. (AT.PS: Quote, Profile , Research), which has a 25.1 percent stake […]

An elder from the remote Philippine island of Rapu Rapu has made his way to Melbourne to call on the Australian firm Lafayette to halt its mining operations. Antonio Mingoy Casitas has brought a petition signed by 3,000 fellow islanders demanding that the mine be shut down; they say it’s polluted nearby land and waterways, […]

Australian mining company Rusina Mining NL could invest in projects worth up to $714.3 million in the Philippines, chief executive Robert Gregory told an industry conference today.
“We are looking at different strategies and approaches to accelerate our mining interests in the Philippines,” Gregory said at the 7th Asia Pacific Mining Conference in Manila.

MANILA (XFN-ASIA) - Rusina Mining NL plans to invest up to 600 mln usd in the next four years for the development of various mine sites and the construction of a nickel processing plant in the Philippines, chief executive
Robert Gregory said.
‘We are looking at different strategies and approaches to accelerate our mining interests in the […]

MANILA (XFN-ASIA) - Berong Nickel Corp’s exports of wet nickel laterite since the start of the year have reached 350,000 metric tonnes, a company executive said.
‘We have made seven trial shipments averaging 50,000 metric tonnes since the start of the year,’ Ramon Antonio Flores, resource development manager of Berong Nickel, told reporters. He did not […]

LONDON (Thomson Financial) - Toledo Mining Corporation PLC said it believes that its mineral production sharing agreement (MPSA) application covering the 288 hectare Berong project will be processed shortly by the Philippines government.
The company also said the government has approved its MPSA for the Berong nickel project.