PMEA Blog

From: www.sunstar.com.ph
By Ace Alegre
MANKAYAN, Benguet — The Lepanto Consolidated Mining Company is facing a government probe for allegedly polluting rivers along Mankayan town in Benguet, Cervantes town in Ilocos Sur and all the way to the Abra River in Abra province, one of the five biggest rivers in the country.
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From: www.reuters.com
MANILA, Aug 26 (Reuters) - Atlas Consolidated Mining said on Tuesday it has signed a deal to supply 60,000 dry metric tonnes of copper concentrate from its Toledo mine in the central Philippines to privately-owned Swiss company MRI Trading.
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From: www.proactiveinvestors.com.au
Medusa Mining, the expanding gold producer in the Philippines, announced a updated JORC compliant Ore Reserve estimate at the Co-O Gold Mine.
The Co-0 Mine now has a probable reserve estimate of 721,000 tonnes grading 10.77 grams per tonne gold, containing 249,000 ounces. There is also “additional potential” mining inventory of 949,000 tonnes at an […]

From: www.gmanews.tv
MANILA, Philippines - The Sandiganbayan has ordered a new investigation into the graft case filed against Palawan governor Joel T. Reyes for allegedly issuing mining permits to two firms despite violations in their license regulations.
The anti-graft court also deferred proceedings on the case while the case is being reviewed.
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From: www.marketwire.com
CALGARY, ALBERTA–(Marketwire - Aug. 21, 2008) - TVI Pacific Inc. (the “Company”) announced today that it has filed on SEDAR (www.sedar.com) the comprehensive scoping study (prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects) respecting the Balabag epithermal gold project, which is located near the municipalities of Bayog, Zamboanga […]

From: www.mindanews.com
GENERAL SANTOS CITY (MindaNews/23 August) — The bid war to wrest control over the 34.5 per cent stake of Australian-based Indophil Resources NL at Sagittarius Mines Inc. (SMI) took a new twist last week as a new consortium upped its bid statement to outmaneuver Anglo-Swiss owned Xstrata Copper. XStrata Plc, which owns Australia-based Xstrata […]

From: www.manilastandardtoday.com
By Othel V. Campos
OceanaGold Corp. is finalizing a financing scheme for its Didipio mining project in Nueva Vizcaya province.
“We are working on a solution that will allow the project to be built and commissioned in the shortest possible timeframe and in a manner that maximizes the value for all our stakeholders,” said company vice […]

From: business.theage.com.au
Xstrata, the world’s fourth-largest copper producer, has abandoned a $545 million bid for Indophil Resources, yielding to a management buyout group that sweetened its rival offer.
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From: www.reuters.com
MANILA, Aug 20 (Reuters) - Australia-based gold miner OceanaGold will invest a further $29 million in the next six months in its Philippine copper and gold venture while it seeks a partner for the project, a company official said on Wednesday.
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From: www.allheadlinenews.com
Manila, Philippines (AHN) - Australian mining firm, Medusa Mining Ltd., on Wednesday announced that two new drilling holes in its project in southern Philippines were positive of copper deposits similar to the 1974 discovery hole DDH 1.
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