PMEA Blog

MELBOURNE, Australia, July 30 /CNW/ - OceanaGold Corporation (ASX: OGC, TSX: OGC, NZX: OGC) (the “Company”) is pleased to announce record half year gold production of 158,277 ounces at an average cash cost of US$349 per ounce.
Second quarter gold sales of 75,319 ounces were up 28 per cent over the same period last year, while […]

Edmonton, Alberta CANADA, Jul 27, 2009 (Filing Services Canada via COMTEX) — MNODF | Quote | Chart | News | PowerRating — Mindoro Resources Ltd. (MIO - TSX Venture)(WKN - FWB), reports that Avocet Mining PLC. has provided initial results from a drill program on the Kay Tanda epithermal gold-silver resource, Archangel Project, Philippines. The […]

MANILA, Philippines - Lucio Tan-led MacroAsia Corp. will spend P50 million to continue exploration of its nickel laterite project in Brooke’s Point in Palawan that is expected to be finished in the first quarter of 2010, its chairman for compensation and mining committee Johnip G. Cua said.
Cua said the interim exploration update of the project […]

By Alena Mae S. Flores
The oil and gas exploration unit of BHP Billiton, the world’s biggest mining company, has expressed interest to team up with PNOC Exploration Corp. to scout for fossil fuel in the West Balabac area off the southwesternmost tip of Palawan island.
Jacinto Paras, PNOC Exploration chairman, told reporters that BHP Billiton Petroleum […]

by Andrew McCrea
Expanding Philippines gold producer, Medusa Mining (ASX/AIM: MML) is ahead of production schedule at the Co-O Mine.
Phase 1 expansion has been completed, ahead of schedule - and on track to produce annualised gold production of 60,000 ounces.
Read more..

Written by Manuel T. Cayon / Reporter
Thursday, 23 July 2009 19:31
DAVAO CITY—Gold produced from panning and small-scale mining still accounts for about 80 percent of the total production of this precious metal in the country, the National Statistical Coordination Board (NSCB) said.
Maria Fe Talento, OIC-chief of the Production Accounts Division of the central office of […]

LONDON (SHARECAST) - Philippines-focused gold group Medusa Mining remains confident of hitting growth targets over the next financial year, helping its shares higher again Wednesday.
The Phase I expansion to produce 60,000 annualised ounces was completed in the quarter ended 30 June, ahead of schedule.
Read more..

BY EMILY SOBEY
23/07/2009 12:38:00 AM
SPECULATION surrounds the sale of Ballarat Goldfields, with former mine managing director Richard Laufmann believed to be a contender.
It is rumoured Mr Laufmann could buy the operation with Philippines-based Indophil Resources, of which he is now managing director.
Read more..

By Doris Dumlao
Philippine Daily Inquirer
PHILEX MINING CORP. has bought back a 49-percent stake in Philex Petroleum Corp. from foreign partner Anatolian Property BV, giving the country’s largest mining firm 100-percent control of the gas exploration company.
In a disclosure yesterday, Philex vice president Renato Migrino said Philex Mining acquired 245 million shares of Philex Petroleum, which […]

By Simon Hartley on Thu, 23 Jul 2009
Oceana Gold has raised $A24.2 million ($NZ30 million) in a funding boost designed to expand its exploration programme which could ultimately add three years to the mine life of its Macraes and Reefton operations.
Oceana shares, which were placed on a trading halt on Tuesday at $1.45, resumed trading […]