PMEA Blog

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 path to development, it will put the company on course to become one of just a handful on the Australian share market that can boast of an eventual annual production rate of 500,000 ounces of gold.

Just as important, it would give the mid-tier miner a significant first-mover advantage in

the Philippines, a nation still very wary when it comes to mining, after several damning environmental incidents in the past.

Read More