PMEA Blog

abs-cbnNEWS.com | 07/21/2009 3:00 PM
MANILA - The board of directors of Philex Mining Corporation has elected a former official of the poll body as its new independent director.
In a disclosure to the stock exchange, the country’s oldest mining firm said that Atty. Leonardo L. Leonida is joining the Philex’s board after an election last July […]

Robert Smith | Wednesday July 22 2009 - 10:52am
New Zealand’s largest listed gold miner has had little trouble finding capital for new local exploration and drilling, with OceanaGold raising more than $30 million through a non-underwritten placement.
The trading halt placed on the mining company has now lifted, after it was suspended yesterday to allow for […]

Source: RWE Equity Business News Service trackingCOMNEWS MML SYDNEY 1001/1/1 MML - Company Announcement $gen0 22 July 2009
Sydney - Wednesday - July 22: (RWE Australian Business News) - Medusa Mining Ltd (ASX:MML) reports gold production at the Co-O Mine in the Philippines was 16,009 ounces in the June quarter (a 26pc increase from the previous […]

Updated July 21, 2009 03:51 PM
MANILA, Philippines (Xinhua) — Two miners were killed while another one was hurt today in a landslide near a mining site in Benguet province, reports said.
The landslide reportedly hit a miners’ camp at a Kias village in Tuba town at dawn.According to the report, the three miners were inside […]

Robert Smith | Tuesday July 21 2009 - 02:10pm
OceanaGold, New Zealand’s biggest listed gold mining company, is seeking fortunes outside its mines today, with the launch of a new placement plan.
The non-written institutional private placement of up to 24 million shares, or 15% of the current shares on issue, is needed to fund further exploration […]

JOHANNESBURG (miningweekly.com) – ASX-listed gold producer Medusa Mining, though its Philippines operating company, Philsaga Mining Corporation, has completed a Joint Ore Reserve Committee compliant ore reserve estimation for the Co-O mine.
Thee probable reserve now stood at 1,04-million tons, at 14,9 g/t gold, containing 500 000 oz of gold.
Read more..

I wonder, how would the people of Marinduque react to new moves to clear the way for the resumption of copper-mining operations in their province? I got wind of this juicy tidbit as I was poking around at the Department of Environment and Natural Resources (DENR) this week.
While there is yet no official confirmation of […]

BAGUIO CITY — Government geologists have declared a section of the mining town of Mankayan in Benguet a danger zone to speed up the relocation of communities endangered by a June 5 landslide that has continued to eat through the town center.
Several buildings at the Mankayan High School grounds in Barangay (village)Aurora-Poblacion caved in on […]

ILIGAN CITY (MindaNews/16 July)— Barangay officials of Kiwalan hosted a mining forum, Tuesday to address the concerns raised by residents of three puroks that are affected by mining operation of a multinational cement corporation here.
“We discussed the impact of the operations of LaFarge Mining in Barangay Kiwalan particulary the directly affected areas of Purok […]

The Philippines, a country with an abundance of natural resources, has remained a largely untapped market for the mining industry. However, it seems the Filipino government has finally decided to start capitalizing on its inherent asset by pursuing investor-friendly reforms designed to benefit all stakeholders.
The debate over the exploitation of the country’s vast mineral […]