PMEA Blog

From: Inquirer.net
By Enrico dela Cruz
Thomson Financial
First Posted 11:43:00 02/26/2008
MANILA, Philippines — Philex Gold Philippines Inc. (PGPI), a wholly-owned subsidiary of Philex Mining Corp., said Tuesday it is seeking the return of the Boyongan copper and gold property in the southern Philippines from joint venture partner Anglo American PLC amid their dispute over the results of […]

From: Inquirer.net
By Amy R. Remo
Philippine Daily Inquirer
MANILA, Philippines — Steel maker Global Steel Philippines is considering investing in iron, nickel mining, with initial an investment of possibly $1.6 billion, Environment and Natural Resources Secretary Joselito Atienza said.
“Global Steel wants to mine for these minerals to locally supply raw materials to its planned integrated steel plant […]

From: Marketwire.com
EDMONTON, ALBERTA–(Marketwire - Feb. 26, 2008) - Mindoro Resources Ltd. (TSX VENTURE:MIO)(FRANKFURT:WKN 906167) is pleased to advise that reconnaissance geological mapping of its Surigao District tenements, north of its Agata project, has greatly expanded their global nickel laterite resource potential. Mapping at Agata had previously outlined an area of potential nickel laterite mineralization covering […]

From: Manilastandardtoday.com
By Jenniffer B. Austria
Philex Mining Corp., the Philippines’ oldest and largest mining operator, is earmarking P1.52 billion in capital expenditure this year to explore new mine sites.
Philex chairman and chief executive Walter Brown told reporters following the company’s special stockholders’ meeting that the company was allotting P625 million for the exploration of several areas, […]

From: Manilastandardtoday.com
LG International Corp., the trading arm of South Korea’s fourth-biggest industrial group, and several other companies are in talks that may lead to an investment in the Rapu Rapu copper project.
“We hope to get a firm offer from some of the parties by next week,” said Ken Fung, a manager at Ferrier Hodgson, the […]

From: Inquirer.net
Philippine Daily Inquirer
Philex Gold Inc., a Toronto-listed unit of Philex Mining Corp., said a pre-feasibility study by its subsidiary’s joint-venture partner showed that developing the Boyongan property in the Surigao mineral district in Mindanao would not be profitable enough.
The unit, Philex Gold Philippines, has a 50-50 partnership with Anglo-American Exploration Philippines BV that covers […]

From: TradingMarkets.com
Feb 20, 2008 (The Manila Times - McClatchy-Tribune Information Services via COMTEX) — LECBF | news | PowerRating | PR Charts — LEPANTO Consolidated Mining Co. plans to raise over a billion pesos to settle its debts.
In a disclosure to the Philippine Stock Exchange (PSE), Lepanto said that its board has approved a plan […]

From: Inquirer.net
By Amy R. Remo
Philippine Daily Inquirer
MANILA, Philippines — The Philippines can expect $892 million in new investments in the mining sector this year, up by 47 percent from $605 million last year, Environment and Natural Resources Secretary Joselito Atienza said.
About $750 million of the expected investments will go to “first-tier” mineral development projects — […]

From: Hemscott.com
LONDON (Thomson Financial) - European Nickel PLC said positive metallurgical testwork and direct ore shipments from the Acoje and Zambales chromite deposits, which currently have a combined JORC resource of 831,450 tonnes of contained nickel, has helped fast track its joint venture in the Philippines with Rusina Mining.
A pre-feasibility study on Acoje is underway […]

From: Inquirer.net
By Enrico dela Cruz
Thomson Financial
First Posted 11:54:00 02/20/2008
MANILA, Philippines — Shares in Philippine mining companies were firmer midway through Wednesday’s session, tracking higher prices of precious metals which surged overnight due to a weak dollar and concerns about supply.
Leading the rally was Philex Mining Corp., the country’s biggest gold and copper producer, with the […]