PMEA Blog

by CARMELA FONBUENA, abs-cbnNEWS.com/Newsbreak | 09/26/2008 7:52 PM
The government is fast losing its mining experts to private companies that offer very lucrative salaries. This endangers the government’s crucial monitoring capacity at a time when mining activities—both legal and illegal—are proliferating because of soaring metal prices.
Data show that mining investments grew exponentially since the revitalization of […]

Author: Dorothy Kosich
Posted: Thursday , 25 Sep 2008
Hopes are fading for any survivors during the fifth day of rescue operations for 16 miners trapped inside a former Benguet Mining operation in the municipality of Itogon in the Philippines.
Rescuers found three bodies in a shaft about 270 feet from the tunnel opening, said Fred […]

By Edwin G. Espejo
Contributor
GENERAL SANTOS CITY — 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 as a new consortium upped its bid statement to outmaneuver Anglo-Swiss owned Xstrata Copper.
XStrata PLC, which owns Australia-based Xstrata Copper, earlier tendered […]

Matt Chambers | September 22, 2008
HONG Kong merchant bank Crosby Capital is making another attempt to get a Philippines mining project, following up its takeover tilt at Indophil Resources with a $182 million bid for Australian junior Medusa Mining.
Crosby, funding Alsons Group’s offer to buy Indophil’s stake in Xstrata’s Tampakan copper and gold deposit in […]

MANILA, Sep 19, 2008 (Dow Jones Commodities News via Comtex) — BENGF | Quote | Chart | News | PowerRating — Philippines’ mining concern Benguet Corp. (BC.PH) is reasonably confident that it will be developing a gold processing plant next year in Benguet province in the country’s north, company president and chief executive Philip Romualdez […]

by Prix D Banzon
Davao City (20 September) — Some P700 million paid in taxes by mining corporations are available for the Local Government Units (LGU) to claim as their share of mining operations in their respective localities.
Benjamin Philip G. Romualdez, president of Chamber of Mines of the Philippines disclosed during the Mining Summit that […]

MBMI RESOURCES INC
MBRTF | 9/17/2008 11:12:27 AM
VANCOUVER, BRITISH COLUMBIA, Sep 17, 2008 (Marketwire via COMTEX News Network) —
MBMI RESOURCES INC. (”MBMI” or the “Company”) (TSX VENTURE:MBR) is pleased to report that its Philippine partners have received a favourable ruling from their appeal to the Mines Adjudication Board (”MAB”) of the Philippines Department of Environment […]

Asia-Pacific News
Sep 2, 2008, 6:06 GMT
Davao City, Philippines - Suspected communist rebels on Tuesday seized three policemen in an attack on a gold mining area in the southern Philippines, police said.
The suspects also burned a government-owned dump truck in the gold-rush area on Mount Diwalwal in Monkayo town in Compostela Valley province, 945 kilometres […]

09/09/2008 | 05:45 AM
KORONADAL CITY, Philippines — The road blockade that hampered the base camp operations of a foreign-backed mining for several days was lifted Monday, but the problem remained virtually unsettled, an official said.
The barricades were removed after a meeting on Sunday between the local government unit and tribal chieftains who expressed sympathy to […]

by Prix D Banzon
Davao City (12 September) — Mining Investment and Facilitation will be among the important topics that will be discussed during the Mining Consultative Forum on September 18-19, 2008 in Davao City.
Ednar Dayanghirang, executive director of the Mindanao Business Council said the mineral resources of the country will be tackled while mining operations […]