PMEA Blog

SYDNEY, Nov 23 (Reuters) - Australian-listed Lafayette Mining Ltd (LAF.AX: Quote, Profile, Research) said on Friday crucial financial restructuring support from a Malaysian private equity group remains a possibility, after earlier saying the plan had collapsed.
If the restructuring fails to go ahead, the directors of Lafayette, which runs a mine in the Philippines, would need […]

TAMPAKAN, South Cotabato — After over a decade of mining exploration activities here, the local government unit has still no copy of the Financial and Technical Assistance Agreement forged by the National Government and the project proponents, an official said Thursday.
Acting Vice Mayor Relly Leysa said the Municipal Council has passed a resolution last week […]

Nov. 23 (Bloomberg) — Lafayette Mining Ltd., an Australian company with a Philippine copper mine, said negotiations with a major potential investor to pay off debt were continuing, and the outcome was now uncertain. The shares plunged.
“The directors are of the opinion that the company continues to be a going concern,” Melbourne-based Lafayette said in […]

EDMONTON, ALBERTA–(Marketwire - Nov. 1, 2007) - Mindoro Resources Ltd. (TSX VENTURE:MIO)(FRANKFURT:WKN 906167) is pleased to report results from a further eleven drill holes on one long cross section (10450N) in the northern laterite zone on the Agata project, Philippines. The limonite horizon averages 1.01 percent nickel and 38.47 percent iron over an average thickness […]

OceanaGold Corporation (”OceanaGold” - TSX, ASX and NZX codes “OGC”) plans significant gold production growth through new projects to add to production from its flagship Macraes Gold Mine in New Zealand. Can you explain your corporate growth strategy?
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Gold miner OceanaGold is looking for further acquisitions in Australasia, where the company believes gold projects are undervalued.
OceanaGold is using its three New Zealand gold mines - Macraes mine and the neighbouring Frasers underground mine near Dunedin, and Reefton - producing about 300,000 ounces a year as its foundation to expand in the region.
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Trading in shares of the Philippines’ Lepanto Consolidated Mining Co will be suspended Thursday pending a material announcement, the Philippine Stock Exchange said.
Lepanto sought the trading suspension, saying it will be issuing a material disclosure within the day.
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Philippine gold and copper producer Philex Mining Corp. (PX.PH) Tuesday said it has bought a 4.4% stake in Texas-based Pitkin Petroleum Ltd. for $2 million.
The acquisition is in line with Philex’s efforts to increase its petroenergy portfolio, the company told the stock exchange, adding that the investment will account for 51% of its oil assets.
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OceanaGold Corporation (”OceanaGold” or “the Company”) is pleased to report its Third Quarter Activity Report for the quarter ended 30 September 2007, in accordance with Australian Stock Exchange (”ASX”) Listing Rule 5.1.
The third quarter and year-to-date results which include a full management discussion and analysis (MD&A) and quarterly financial statements, will be released on Wednesday […]

Lafayette mines more metal amid restructuring Lafayette Mining Ltd which has faced typhoons, cyanide spills and crippling hedging losses at its mine in the Philippines, on Wednesday reported a rise in metal production.
Output increased 12% in the September quarter over the previous quarter to 1,726 equivalent t of copper, including […]