PMEA Blog

MANILA, Dec 21, 2008 (Dow Jones Commodities News via Comtex) — A Japanese company, together with the government of Japan, is looking at the possibility of investing up to more than $1 billion in the Philippines’ mining industry as it explores two mining sites in the province of Batangas, the Philippine Star newspaper reported Monday.
“JOGMEC […]

MANILA, Philippines - Listed miner Benguet Corp. is looking at creating separate companies out of its mining ventures so it can better manage the projects and allow it to raise capital more easily.
Projects that might get restructured include the Sta. Cruz nickel project in Zambales and the gold recovery and processing project in Itogon, Benguet, […]

Four different schools in as many municipalities in Masbate Province were the recipients of a total of 12 brand new Lenovo K200 systems and Hewlett Packard 5610 Fax/Copy/Scan Printers. The faculty members of each school also received training in the use of Windows Vista and Microsoft Office 2007.
The Masbate Gold Project (MGP) School I.T. Program […]

In the first half of 2008 the Philippine government took a bullish position on the potential for new investment
and development in the local mining industry. Private sector miners were on the whole much more cautious, however. In April presidential press secretary Ignacio Bunye gave the upbeat view. He noted significant interest and investment from foreign […]

MANILA, Philippines - The Catholic Bishops Conference of the Philippines (CBCP)’s social action arm assailed Wednesday the government’s continuing promotion of mining in the country.
CBCP’s National Secretariat for Social Action (NASSA) chairman Manila Auxiliary Bishop Broderick Pabillo said it is lamentable how the environment department betrayed its mandate to protect the ecosystem.
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WITH the global financial meltdown, the local mining industry is now beginning to fear the possibility of difficulty in obtaining financing from international banks.
Chamber of Mines of the Philippines president Philip Romualdez said on Tuesday that in anticipation, they plan to convince the local financial institutions to make their loan facilities accessible to mining companies […]

Emaar Properties is looking at investing in the Philippines mining sector using controlling stakes in joint venture companies, a newspaper reported yesterday.
“There is a resurgence of development in the region, as China, India and even Japan require continued supply of minerals,” the Philippine Daily Inquirer quoted Environment and Natural Resources Secretary Lito Atienza as saying. […]

MANILA, Philippines - The peso value of minerals produced for the first nine months this year plummeted as nickel prices fell, a report from the Philippines’ Mining and Geosciences Bureau indicated.
Mineral costs during the period fell to P50.95 billion from P64.91 billion during the same period a year ago, tracking the decline of nickel, […]

THE CHAMBER of Mines of the Philippines has denounced the 25-year moratorium on mining in Palawan, stressing that the sweeping policy was not the solution to the province’s environmental concern.
In a statement released Friday, the chamber said the diverse resources of Palawan could instead be harnessed for the benefit of its residents without endangering the […]

Medusa Mining Ltd said it has discovered a new high grade vein at the Co-O Gold Mine in the Philippines. The Great Hamish Vein is currently interpreted to be between 600 to 650 metres long and open along strike and at depth.
Results from 12 drill holes at the property show on average 2.23 metres intercepted […]