PMEA Blog

From: www.allheadlinenews.com
By Komfie Manalo - AHN News Writer
Manila, Philippines (AHN) - London-based Rusina Mining N.L. announced on Tuesday it is ready to start the drilling phase in its Acoje project in northern Philippines, particularly to mine for chromite and nickel sulphides or platinum group metals (PGM).
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From: newsinfo.inquirer.net
By Melvin Gascon
BAYOMBONG, Nueva Vizcaya — Nueva Vizcaya Rep. Carlos Padilla on Sunday warned environment officials to be “more careful” in directing a foreign mining company to resume operations and defy an order of stoppage from the provincial government.
Environment Secretary Lito Atienza earlier warned the provincial government that the order to stop the earth-moving […]

From: business.inquirer.net
LONDON, United Kingdom - Rusina Mining N.L. said it has mobilized a rig to start a new drilling program for platinum group metals (PGM), chromite and nickel sulphides at the Acoje site on the island of Luzon in the Philippines.
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From: www.sunstar.com.ph
TAMPAKAN, South Cotabato — Major global mining player Xstrata Copper has expressed intention to buy out the stakes of junior partner Indophil Resources NL at a copper and gold project here stiffly opposed by the local Catholic Church.
Indophil, however, immediately rejected the offer.
Arroyo Watch: Sun.Star blog on President Arroyo
Xstrata’s cash offer was priced at […]

From: www.sunstar.com.ph
THE Mines and Geosciences Bureau (MGB) has permitted Royalco Philippines Inc., formerly Oxiana Philippines Inc., to conduct exploration of probable gold mining sites within the 986 hectares land site in Barangay Gambang, Bakun, Benguet.
This was disclosed by Ruben Quitoriano Sr., mining engineer of the Royalco Philippines Inc., saying the first year occupational fees of […]

From: www.manilastandardtoday.com
European Nickel Plc, a producer of the metal that plans to supply BHP Billiton Ltd., said it will pay $48 million in cash and shares for interests in nickel projects in the Philippines.
The company will acquire a 19.3 percent stake in Toledo Mining Corp. and an 18.7 percent direct interest in Berong Nickel Corp., […]

From: www.resourceinvestor.com
By Jon Nones
Led by the governor of Nueva Viscaya province in the Philippines, opponents of a major gold-copper project have erected a barricade on a road leading to the remote Didipio project of Australian miner Oceana Gold [ASX:OGD; TSX:OGC].
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From: afp.google.com
MANILA (AFP) — A Philippines official on Wednesday warned anti-mining groups blocking a major gold-copper project in the country’s north that they were committing an illegal act.
Led by the governor of Nueva Viscaya province, opponents have erected a barricade on a road leading to the remote Didipio project of Australian miner Oceana Gold, Environment […]

From: www.theaustralian.news.com.au
IN a move designed to fend off a takeover from Indophil Resources, mining investment group Lion Selection plans to return $267 million in cash to shareholders, in the process helping Swiss miner Xstrata in its bid for Indophil.
Lion shares rose 8 per cent to a four-month high of $1.78 on the announcement, which proposes […]

From: business.inquirer.net
MANILA, Philippines — The country’s biggest producer of gold and copper, Philex Mining Corp., said its net profit was little changed in the first quarter after foreign exchange losses offset an improvement in revenue driven by higher metal prices.
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