PMEA Blog

MINERAL SHIPMENT of listed Philex Mining Corp. to Japan rose slightly this month, the miner told the stock exchange on Thursday.
Philex, the biggest miner in the country, exported 5,018 dry metric tons (MT) of concentrates worth P828 million on Wednesday, higher than the 5,012 dry MT of concentrates, valued at P766 million, that was shipped […]

Jerry Adlaw / Correspondent
DESPITE strong opposition from the Church and some environmental groups, Sagittarius Mines Inc. (SMI) has started the process of acquiring an environmental compliance certificate (ECC) for its copper and gold-mine project in Tampakan, South Cotabato.
“We already embarked on the Environmental and Social Impact Assessment [Esia] of the Tampakan project. There’s a range […]

Medusa Mining, the gold producer that runs the Co-O mine in the Philippines posted record production levels in the three months to September 30, and on schedule to top 86,000 ounces of gold for the full year.
Gold production during the period reached 18,054 ounces, against 16,009 ounces in the previous quarter at an average grade […]

Miguel R. Camus / Reporter
LISTED Atok-Big Wedge Co. Inc. will continue to explore new options in mining despite its takeover by former trade minister Roberto Ongpin’s Boerstar Corp., which plans to use the miner to expand into the lucrative gas and oil sector.
In a disclosure on Thursday, Atok said it signed a deed of subscription […]

Perth-based gold explorer Red 5 (ASX: RED) has recorded promising assay results from preliminary geochemical sampling at the company’s LSY prospect in the Philippines.
The company’s share price went up slightly, on the news.
The results include two continuous sampling traverses across the strike of exposed veining and alteration with 83 metres at 1.8 g/t Au (including […]

LONGYAN, Oct 21, 2009 (SinoCast Daily Business Beat via COMTEX) — ZIJMF | Quote | Chart | News | PowerRating — Zijin Mining Group Co., Ltd. (SEHK: 2899; SHSE: 601899) does not make any substantial progress in the Philippine mineral projects that it seeks to invest in, and the concrete investment will depend on the […]

Red 5 (ASX: RED) has reiterated information on the company’s Mapawa target mineralisation statement as requested by the ASX.
Target mineralisation at the company’s LSY prospect within the Mapawa Gold Project in the Philippines, contains an estimated three to four million tonnes with an estimated gold endowment of 150,000 to 300,000 ounces, as stated in an […]

Dennis Maliwanag INQUIRER.net
MANILA, Philippines—The Department of Environment and Natural Resources has issued an environmental compliance certificate for a nickel mining project of the Norway-based Intex Resources on Mindoro Island.
The project, which covers 11,216.6 hectares, is expected to produce 100 to 120 million tons of ore over a period of 15 to 20 years. The mine’s […]

MANILA, Oct 20 (Reuters) - Global miner Xstrata Plc (XTA.L) has boosted an estimate of mineral resources at its $5.2-billion Tampakan copper-gold project in the southern Philippines to 2.4 billion tonnes from 2.2 billion, the firm said on Tuesday.
The mine, considered Southeast Asia’s largest undeveloped copper-gold prospect, is now estimated to contain 13.5 million tonnes […]

Kristine S. Casa-Siervo
The clamor from various local government units for set, uniform guidelines to address the issues of proper business tax, fees and charges to be imposed on mining companies has finally been addressed.Last August 20, the Department of Finance, through a Local Finance Circular signed by Secretary Margarito B. Teves, issued the guidelines governing […]