PMEA Blog

by Proactive Investors
Toronto and Australian listed gold producer CGA Mining’s (ASX: CGX, TSX: CGA) share price has been on an upward trend since early July, as the company ramps up to full gold production in the Philippines.
Having only acquired the Masbate gold project in 2007, CGA’s Masbate already has a resource base of 5.0 million […]

Crew Gold Corporation (”Crew” or “the Company”) (TSX:CRU) (OSLO:CRU) announces that it has signed an agreement to sell its interest in Apex Mining Company Inc and all other related assets in the Philippines to a private company with headquarters in Malaysia. The agreement is subject to certain regulatory approvals and is expected to be completed […]

By Riza T. Olchondra
Philippine Daily Inquirer
MANILA, Philippines - Optimism prevailed at the close of the Mining Philippines 2009 summit, with good metal prospects driving investor commitments to proceed with or even ramp up projects.
And with the global economy on the mend, government officials expect up to $2 billion in investments to come in, allowing the […]

BHP Billiton, the world’s biggest miner, and its Philippine partner will meet in Singapore next week to settle a dispute covering a Davao nickel mine, one of the country’s biggest mining projects.
Initial talks will be conducted between representatives of BHP Billiton, Asiaticus Management Corp. (Amcor), and Environment Secretary Joselito Atienza, Mines and Geosciences Bureau director […]

Written by Max V. de Leon / Reporter
WITH China’s economy again showing signs of robust growth, Beijing is now encouraging Chinese firms to aggressively pursue mining projects in the Philippines to support its projected hike in demand for minerals and metals, Zhengping Wu, economic and commercial counselor of the Chinese Embassy in Manila, said.
Taking the […]

MANILA, Sept 17 (Reuters) - Xstrata Copper is on track to start production at Southeast Asia’s largest undeveloped copper-gold deposit in 2016, more than two decades after the discovery of the Philippine mine, a senior official said on Thursday,
“We think 2016 is a realistic target,” Mark Williams, general manager of Xstrata Copper’s Philippine affiliate, Sagittarius […]

MANILA, Sep 16, 2009 (Dow Jones Commodities News via Comtex) — MBRTF | Quote | Chart | News | PowerRating — The Philippines is expected to soon approve three separate mining permits that will allow large-scale foreign mining operations in the country, a senior government official said Wednesday.
Horacio Ramos, director of the Mines and Geosciences […]

The Philippine mining industry hopes to make a strong comeback next year with as much as two billion dollars in investments as the global financial slump eases, the government said on Wednesday.
Such an increase would nearly triple the amount of foreign and domestic investment projected for this year, the officials told a mining conference here.
Read […]

By Frinston Lim
Philippine Daily Inquirer
TAGUM CITY, Philippines — The provincial government of Compostela Valley has ordered a stop to mining operations in a village in Maragusan town, citing geological and environmental hazards.
The Mines and Geo-sciences Bureau (MGB) of the Department of Environment and Natural Resources (DENR) last month had recommended the closure of Barangay (Village) […]

philstar.com
MANILA, Philippines (Xinhua) — Anglo American PLC Group, the world’s fourth-largest diversified mining group, is exploring copper and gold deposits in several areas of Cordillera region, a ranking official of the company said today.
In an interview with reporters during a mining conference held here, Roderick Wattt, Anglo American’s exploration manager for the Philippines, said the […]