PMEA Blog

From: business.inquirer.net
Thomson Financial
MANILA, Philippines — Lepanto Consolidated Mining Co. on Thursday said its first-quarter net loss widened to P100 million ($2.4 million) from P56.6 million in the same period last year due to project delays and a stronger peso.
The company said the firmer local currency, which trimmed export earnings, offset gains from higher prices of […]

From: gmanews.tv
ZAMBOANGA CITY, Philippines - Canadian-backed mining firm TVI Resource Development Philippines, Inc. has ended its $25-million Canatuan gold and silver project, having depleted the gold in the area after four years of extraction.
The company is now focusing on extracting zinc and copper from the same pit, as it expects $3 million in monthly cash […]

LONDON, Apr 15, 2008 (Dow Jones Commodities News via Comtex) — – Edited Press Release
Metals Exploration, a natural resources exploration and development company with assets in the Pacific Rim region, said Tuesday results from a Concept Study into the economic viability of its Runruno gold-molybdenum (Au-Mo) project in the Philippines indicated the project appears robust […]

KUALA LUMPUR: Malaysia Smelting Corporation Bhd (MSC) has proposed to acquire a 30% stake in the Rapu Rapu project, which is involved in mining copper, zinc, gold and silver, in the Philippines for US$18.90mil (RM59.7mil).
MSC said on Thursday that it had signed a framework agreement with Philco Resources Ltd, LG International Corporation and Korea Resources […]

From: inquirer.net
By Amy R. Remo
Philippine Daily Inquirer
MANILA, Philippines–Canadian mining firm Mindoro Resources Ltd. said it had completed the purchase of Panoro Minerals Ltd.’s 40-percent interest in a package of assets in the Surigao Gold district, for $500,000.
In a statement, Mindoro Resources said it had also issued 500,000 Mindoro common shares to Panoro as part of […]

From: inquirer.net
Thomson Financial
LONDON — Rusina Mining NL has entered into an agreement to buy the Barlo Project in the Philippines from the administrator of Fire Resources Ltd. for a total of $400,000.
Rusina said it paid a deposit of $50,000 on Tuesday with the balance of $350,000 to be paid on delivery of the assets to […]

From: mineweb.com
By Ross Louthean
Western Australia-based gold miner Medusa Mining is to build another shaft to expand production from its Co-O gold mine in the Philippines.
PERTH -
Medusa Mining Ltd (ASX & AIM: MML) is to sink a new shaft to an initial depth of 420 metres at the Co-O mine on East Mindanao that will […]

From: forbes.com
LONDON (Thomson Financial) - Rusina Mining NL said trading in the company’s shares on the Australian Securities Exchange (ASX) has been restored after it responded to an ASX query concerning an incomplete transaction.
Rusina Mining also said it has entered into an agreement to buy the Barlo Project in the Philippines from the administrator of […]

From: theaustralian.news.com.au
ONE of his security guards recently shot dead a local and there are several powerful non-government organisations campaigning against the Didipio mine, but OceanaGold chairman Jim Askew is not giving ground in his determination to crack the complex but potentially very profitable Philippines mining puzzle.
If Melbourne-based OceanaGold can bring the mine along the tricky […]

From: forbes.com
LONDON (Thomson Financial) - Rusina Mining NL said the option exercise funds and the recent commencement of cash flow from DSO shipments of nickel laterite ore will enable the company to begin an exploration program of the chromite, PGM and nickel sulphide potential at Acoje on Luzon island in the Philippines.
The company said it […]