PMEA Blog

From: www.gmanews.tv
KORONADAL CITY, Philippines - A company of soldiers has been deployed to the mines development site of Sagittarius Mines, Inc. to contain lingering security threats from the New People’s Army, a village official confirmed Thursday.
Rodelo E. Sitcharon, village chieftain of Pula Bato in Tampakan, South Cotabato told a public forum for the passage of […]

From: news.smh.com.au
OceanaGold Corporation is ignoring an order by the local governor to stop work at its Didipio copper-gold project in the Philippines after the country’s government assured it the decree was incorrect.
The stop work was issued by the governor of Luzon province where the mine is located over an alleged non payment of quarrying fees […]

From: www.miningweekly.com
By: Liezel Hill
Melbourne, Australia-based OceanaGold now expects its Didipio gold/copper project, on the Northern Luzon island, in the Philippines, to cost $320-million, of which it has already spent $40-million, the firm said on Monday.
OceanaGold inherited the project when it merged with Australia’s Climax Mining in 2006.
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From: www.gmanews.tv
MANILA, Philippines - An Australian mining firm is eyeing legal action against Nueva Vizcaya governor Luisa Lloren Cuaresma for allegedly harassing its operations in the province Monday night.
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From: www.marketwire.com
EDMONTON, ALBERTA–(Marketwire - May 12, 2008) - Mindoro Resources Ltd. (TSX VENTURE:MIO)(FRANKFURT:WKN 906167) is pleased to report that five areas of high-grade copper mineralization have been discovered recently by artisanal miners at the American Tunnels porphyry copper-gold prospect on the Agata Project. These are being actively mined from six shafts and tunnels. The high-grade […]

From: business.inquirer.net
By Philippine Daily Inquirer
MANILA, Philippines–Mining firm Benguet Corp. said it posted a net income of P287 million last year, a turnaround from some P318 million in losses in 2006 and P270 million in 2005.
In a statement, Benguet said the “strengthening of the peso,” which generated substantial foreign currency gains, as well as the sale […]

From: www.tradingmarkets.com
SYDNEY, May 11, 2008 (Dow Jones Commodities News via Comtex) — OCANF | news | PowerRating | PR Charts
– Australian miner OceanaGold Corp. (OGC.AU) Monday more than doubled the cost of developing its Didipio copper-gold project in the Philippines to US$320 million.
The latest estimate for the project, slated to produce 15,000 metric tons of […]

From: www.tradingmarkets.com
SYDNEY, May 08, 2008 (Dow Jones Commodities News via Comtex) — – Australian gold miner OceanaGold Corp. (OGC.AU) has stopped construction works at its copper-gold project in the Philippines following a dispute between local and national government.
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From: www.gmanews.tv
MANILA, Philippines - An environmental group lauded the actions of Nueva Vizcaya Gov. Luisa Lloren Cuaresma and the Sangguniang Panlalawigan for halting the mining operations of Oceana Gold Philippines in Dipidio village of the province’s Kasibo town.
The governor together with other provincial officers and villagers led the barricade last Wednesday in the mining site […]

From: www.mb.com.ph
By Bingo Cadabona
BAYOMBONG, Nueva Vizcaya — Angry, upset and apparently slighted by the seeming disregard by a foreign mining firm of the provincial government’s cease and desist order, this province’s lady governor told executives of a mining firm to leave the province if they could not pay the taxes and fees being collected from […]