PMEA Blog

Philippine Daily Inquirer
MANILA, Philippines–Benguet Corp. told regulators on Friday that First Metro Investment Corp. (FMIC) will be acting as financial advisor, issue manager and lead underwriter for the listed miner’s nickel project in Sta. Cruz, Zambales.
Reynaldo Mendoza, corporate secretary of Benguet Corp., said in a disclosure to the Philippine Stock Exchange that its newly created […]

abs-cbnNEWS.com
MANILA - An affiliate of Philex Mining Corp., the Philippines’ largest copper and gold mining firm, is set to drill a second well in its oil and gas field in Vietnam.
In a disclosure to the Philippine Stock Exchange on Thursday, Philex afflilate Pitkin Petroleum Plc. reported that it has completed a 3D seismic survey on […]

philstar.com
MANILA, Philippines (Xinhua) – One of China’s largest gold producers has formally signified its interest to invest $1 billion in gold and copper exploration in the Philippines over the next five years, Malacañang said today.
In a statement, Malacañang said Zijin Mining Group Company Ltd., through its chairman, Chen Jinghe, signed a Memorandum of Understanding with […]

Neil Jerome C. Morales, BusinessWorld
MANILA - Activities of mining companies in northern Luzon were hampered by the closure of major roads and the disruption in communication services and power supply last week, government and industry officials said.
Still, the damage caused by typhoon Pepeng on mining regions like the Cordilleras and Cagayan Valley was considered by […]

Miguel R. Camus / Reporter
LISTED miner Nihao Mineral Resources Inc. will increase its capital 20-fold to support its P500-million stock rights offering, the proceeds of which will be used to fund the company’s mining activities and pay off shareholder advances.
In a prospectus filed with local stock exchange, the miner said it plans to increase its […]

Philippines focused gold producer Medusa Mining (AIM & ASX: MML) said today drilling at its Lingig prospect in the Philippines located mineralisation in two distinct geological settings.
Medusa has drilled 6,400 metres in seventeen angled holes since releasing its last update in March, intersecting intervals of 209.1m (metres) at 0.25% copper, 44.5m at 0.34% copper, 159.7m […]

MANILA, Oct 07, 2009 (Dow Jones Commodities News via Comtex) — BENGF | Quote | Chart | News | PowerRating — Benguet Corp. (BC.PH) said Thursday it has signed an offtake agreement with DMCI Mining Corp. to sell high-grade nickel ore from its project in northern Philippines.
“The agreement assures the company of a ready market […]

NICKEL MINER Century Peak Metals Holdings Corp. will invest almost P10 billion to put up a nickel mine and processing plant in northeastern Mindanao.
The announcement came after Century Peak listed 2.82 billion common shares by introduction to the Philippine Stock Exchange yesterday, making the miner the second firm to list by way of introduction this […]

Miguel R. Camus / Reporter
LISTED Atok-Big Wedge Co. Inc. is infusing additional funds into gold mining subsidiary Atok Gold Mining Co. Inc. as the parent firm prepares for the upcoming takeover of the business group led by former trade minister Roberto Ongpin.
In a disclosure to local stock exchange on Monday, Atok said it has approved […]

MANILA, Oct 05, 2009 (Dow Jones Commodities News via Comtex) — PLXCF | Quote | Chart | News | PowerRating — Philex Mining Corp. (PX.PH), the Philippines’ most profitable gold and copper mining operation, said Monday its mine produced PHP810 million ($17.2 million) worth of gold, copper and silver in September.
Philex said it produced 1.23 […]