PMEA Blog

From: www.odt.co.nz
By Simon Hartley
Oceana has suspended development of its crucial gold and copper mine in the Philippines as it seeks to raise $US185 million ($NZ244 million), which could include a joint venture, merger or new share placement.
Triple-listed in Toronto, Australia and New Zealand, Oceana has seen its share value plunge drastically during the past three […]

From: business.inquirer.net
MANILA, Philippines–Mining firm Platinum Group Metals Corp. is set to ship 450,000 metric tons of nickel ore to Australia from its mine sites in Surigao del Norte and Isabela in the third quarter.
In a statement, PGMC said that of the total, 300,000 MT of nickel ore would come from its Cagdianao, Surigao del Norte […]

From: www.pia.gov.ph
Bayombong, Nueva Vizcaya (26 June) — Governor Ma. Luisa Lloren Cuaresma here has asked President Gloria Macapagal–Arroyo to validate and act on alleged abuses of a foreign mining company in Kasibu town, some 60 kilometers from here.
“President Arroyo is also a mother. I believe that if she will see first hand the alleged abuses […]

From: newsinfo.inquirer.net
LEGAZPI CITY – Geograce Resources Philippines Inc. and Vale Exploration Philippines Inc. have agreed to jointly explore seven mineral claims covering 84,046 hectares of land on Masbate Island, about 350 kilometers south of Manila.
Vale is actively engaged in mineral exploration efforts in 21 countries all over the world while Geograce has spent more than […]

From: newsinfo.inquirer.net
By Melvin Gascon
Northern Luzon Bureau
BAYOMBONG, Nueva Vizcaya–An official of the Australian mining firm OceanaGold Philippines Inc. said the firm is suspending work at its $117-million gold-copper project in upland Kasibu town, amid the controversies hounding its operations over the past six months.
In a statement Tuesday, Darren Clinck, OceanaGold vice president for corporate and investor […]

From: www.gmanews.tv
MANILA, Philippines - OceanaGold Philippines Inc. on Wednesday claimed it continues to receive “strong support” from the Philippine government, even after the mining company’s headquarters in Australia ordered the suspension of its multi-billion peso project in barangay Didipio, Kasibu town.
In a statement sent to media, the company said it will continue to hire more […]

From: www.abs-cbnnews.com.
Philex Mining Corp., the country’s biggest miner by market value, hopes to acquire at least one local or foreign mining company before the life of its Padcal mine in Benguet province ends.
Last year, Philex announced it was extending from 2011 to 2014 the life of its Padcal mine, the only operational copper-gold mine in […]

From: business.inquirer.net
By Conrado Banal III
Philippine Daily Inquirer
In the New York leg of her US visit this week, the Grandma at the Palace will keynote a seminar. Hmmm, rather interesting!
Well, this is New York, the world’s financial capital. I don’t think the president wants to go there to watch a Broadway musical. Her swing to New […]

From: www.gmanews.tv
By FLORO C. TAGUINOD, GMANews.TV
BAYOMBONG, Nueva Vizcaya – Some say it’s a twist of fate, others say this should have been done a long time ago as mining firm OceanaGold Philippines’ headquarters in Australia finally ordered the suspension of its multi-billion peso mining project in barangay Didipio, Kasibu town.
After months of squabble with the […]

From: www.mineweb.com
24 June 2008 - London: European Nickel PLC (the “Company”)(AIM: ENK) is pleased to report its interim results for the six months ended 31 March 2008.
Revenue of US$4.2 million earned from direct ore sales in Turkey.
Philippines presence strengthened with acquisition of 19.3% in Toledo Mining Corporation and 18.7% in Berong Nickel Corporation, for a […]