PMEA Blog

From: MarketWire.com
EDMONTON, ALBERTA–(Marketwire - March 25, 2008) - Mindoro Resources Ltd. (TSX VENTURE:MIO)(FRANKFURT: WKN 906167) is pleased to provide an update on its nickel laterite projects. On the Agata North project, a Phase 2 drilling program is underway and 17 drill holes have been completed. The NI 43-101 resource report is nearing completion, and mine […]

From: Inquirer.net
By Melvin Gascon, Nestor P. Burgos Jr.
Philippine Daily Inquirer
DUPAX DEL NORTE, NUEVA VIZCAYA – A Catholic bishop has called on President Macapagal-Arroyo to order the suspension of operations of an Australian mining project, following alleged violations of human rights it has committed against indigenous peoples in the province.
Bishop Ramon Villena, who played host to […]

From: Inquirer.net
By Enrico dela Cruz
Thomson Financial
MANILA, Philippines — Shares in Philex Mining Corp. were lower in late trade Tuesday, extending a pullback for the fifth straight session and reflecting waning interest in miners as gold prices retreated from record-high levels.
Philex, the country’s biggest producer of gold and copper, was last down 30 centavos or 4.8 […]

From: abs-cbnnews.com
Philex Petroleum Corp., a wholly-owned unit of Philex Mining Corp., has acquired almost 20 percent of Petroenergy Resources Corp., the parent firm told the stock exchange Monday.
Petroenergy is a publicly listed company engaged in oil exploration and in providing technical services to other oil exploration firms in the Philippines. It has projects in various […]

From: Inquirer.net
Philippine Daily Inquirer
BAYOMBONG, NUEVA VIZCAYA—Violence marred the observance of Lent in remote Didipio village in Kasibu town after the shooting of a resident allegedly by a security guard of a foreign mining company as it tried to resume demolition activities in the area on Black Saturday.
Supt. Domingo Lucas, acting provincial police director, said Emilio […]

From: business.smh.com.au
Barry FitzGerald
INDOPHIL Resources’ managing director, Richard Laufmann, has been threatening to do something big since joining the cashed-up Philippines copper and gold group.
But few picked that Indophil would be bold enough to make a $340 million scrip bid for its 25.7 per cent shareholder, Lion Selection.
It is a case of the aggressive cub, Indophil, […]

From: StreetInsider.com
CALGARY, ALBERTA–(Marketwire - March 13, 2008) - TVI Pacific Inc. (TSX: TVI) (”TVI” or the “Company”) announced today that the Company and its Philippine affiliate, TVI Resource Development (Phils.) Ltd. (”TVIRD”), have signed a definitive loan agreement with LIM Asia Arbitrage Fund Inc. and LIM Asia Special Situations Master Fund Limited (the “Lenders”), providing […]

From: Inquirer.net
By Cris Evert Lato
Cebu Daily News
An official of the National Economic Development Authority Central Visayas (Neda-7) said the start of copper production in Toledo City in July 2008 is expected to revive the mining industry in the region.
Neda Regional Director Marlene Catalina Rodriguez said mining can help sustain the growth momentum of the economy […]

From: GMAnews.tv
ZAMBOANGA CITY, Philippines – Philippine communist rebels on Tuesday owned up the attack on a mining firm in Compostela Valley province last week.
The New People’s Army (NPA) said the raid on Apex Mining Company was a punishment for the firm’s failure to pay so-called “revolutionary” taxes and for environment destruction.
Col. Benito Antonio de Leon, […]

BAYOMBONG, Nueva Vizcaya – The Mines and Geosciences Bureau regional office in Tuguegarao City confirmed Saturday a Nueva Vizcaya State University report last year that certain rivers in the province have been contaminated with mercury, in the process making all fishes and freshwater crustaceans caught there unfit for human consumption.
Aljo Jacildo, MGB regional director, confirmed […]