PMEA Blog

THIS YEAR’S $1-billion mining investment target will not likely be attained as potential investors grapple with a global credit crunch, the government yesterday said.
The Mines and Geosciences Bureau, which earlier said the lack of funding could delay achievement of a 2011 goal, admitted that the global economic slowdown’s impact would be felt as early as […]

MANILA, Philippines - The Court of Appeals on Monday declared as null and void the cease and desist order slapped by the provincial government of Nueva Vizcaya on the national-government sanctioned Didipio Gold-Copper Mining Project for lack of basis.
This was in response to the petition filed by Oceanagold Mining Inc. (formerly Australasian Philippines Mining Inc.), […]

Michelle Remo Elizabeth Sanchez-Lacson
Philippine Daily Inquirer
The state-run pension fund Government Service Insurance System (GSIS), which has been in a well-publicized boardroom dispute at power retailer Manila Electric Co. (Meralco), is selling its 27-percent shareholding in Meralco to the beverage and good conglomerate San Miguel Corp. for P90 a share—more than double the Meralco closing […]

It’s still a very long way for Guimarasnons in their fight against the entry of large scale mining activities as Department of Environment and Natural Resources Office (DENR) Secretary Lito Atienza is non-committal to spare the island from the list of areas in the country open for mining.
Guimaras Gov. Felipe Hilan Nava, who met with […]

Representatives from various sectors in southern Negros Occidental have formed the People’s Movement for Environmental Protection in Central Negros to campaign against mining activities and mining applications in the area, organizers said in a press release.
At its First General Assembly in Himamaylan City on Friday, PEMEP-CN gathered about 115 participants from non-government organizations, people’s organizations, […]

It is reported that five companies including Global Steel Corporation are eyed as market by the first iron mine to rise in the Philippines after 40 years. The mine is set to start production from Bayog, Zamboanga del Sur by the Q1 of 2009.
Covering a total claim of 60,000 hectares, the Bayog iron mine is […]

Jewel Topsfield
THE FEAR started to creep in when the fish began to die. The open pit copper, zinc, gold and silver mine on Rapu-Rapu Island had been heralded as the vanguard of the Philippines mining revival. The mine, owned by Melbourne company Lafayette, would employ locals and supply electricity, toilets and medical centres to […]

(Adds comment from Hyundai Steel spokeswoman)
MANILA, Oct 24 (Reuters) - South Korea’s Hyundai Group is looking at investing in mining projects in the Philippines, in particular
copper, iron and nickel, a senior government official said on Friday.
“Hyundai is now shopping around for investments,” Horacio Ramos, director of the Mines and Geosciences Bureau, told Reuters in a […]

BAYOMBONG, Nueva Vizcaya – The environmental group Alyansa Tigil Mina (ATM) scored the 8th Asia-Pacific Mining Conference
held in Manila last week claiming that the meeting of mining stakeholders in the region is not a welcome development.
In a statement sent to GMANews.TV, ATM said the much-taunted super-cycle of mineral prices has gone bust.
“Prices are plummeting […]

MANILA (PNA) — Citing the country’s vast mineral potentials, Environment and Natural Resources Secretary Lito Atienza yesterday expressed optimism on the Philippines becoming a mining country by 2010.
Atienza said investments in the mining industry amounted to 261 million US dollars, on top of the $ 1.72 billion generated from the 40 mining, processing and exploration […]