PMEA Blog

Donnabelle L. Gatdula (The Philippine Star)
MANILA, Philippines - Titan Exploration and Development Corp. (TEDC), the biggest coal mining operator in Mindanao, has bagged five more coal contracts which could potentially generate 200 million metric tons of high grade coal reserves worth P1.5 billion.
The projects, which will open up about 18,000 new jobs in Mindanao […]

Dual listed CGA Mining (ASX: CGX, TSX: CGA) has announced record gold production from the Masbate project in the Philippines in October 2009.
With gold prices at record levels, CGA is well placed to benefit from higher production and revenues. Investors liked the news and bid the share price to $1.90.
Read more..
The Philippines’ Premier IT Mining […]

MANILA, Nov 18 (Reuters) - Philex Mining Corp jumped 10.7 percent by midsession on Monday on heavy trading as persistent market talk on a looming battle for control of the Philippines’ top miner fueled volatile trade.
Philex jumped as high as 12.5 percent to 15.75 pesos (33.7 US cents) before cutting its gains to 15.5 pesos […]

Shares in Philippines-focused gold producer Medusa Mining Limited (ASX: MML) have jumped 9c following chairman Kelvin Tomlinson’s address at the company’s annual general meeting, where he revealed his plans in early 2010 were to focus on attaining its immediate target production of 100,000 ounces annually.
Following the address by Mr Tomlinson at the company’s annual general […]

Abigail L. Ho | Philippine Daily Inquirer
TVI PACIFIC LTD., THE CANADIAN AFFILIate of mining firm TVI Resource Development (Philippines) Inc., registered a strong third quarter, driven mainly by successes registered at the Canatuan project in Zamboanga del Norte.
“A number of factors have contributed to our financial and operational success over the past three quarters. Through […]

Philippine Daily Inquirer
THE Securities and Exchange Commission has affirmed an earlier decision of the Philippine Stock Exchange to suspend trading of Benguet Corp. shares for one month starting today.
In an en banc ruling, the SEC favored the PSE’s move to penalize Benguet for three alleged violations of disclosure rules, particularly the nondisclosure of pertinent details […]

MANILA, Nov 16 (Reuters) - Philex Mining Corp fell sharply in heavy trading on Monday as the Philippines’ top miner, which has surged on talks of a looming battle for control, corrected after disappointing results.
Philex slid as much as 13.43 percent to 14.5 pesos (31 U.S. cents) in early trade.
Read more..
The Philippines’ Premier IT Mining […]

Othel V. Campos
TVI Resource Development (Philippines) Inc., a unit of TVI Pacific Inc. of Canada, is looking at the Balabag gold prospect in Zamboanga del Sur as its next priority mining project.
TVI Resource said the Balabag mining property had the potential to become the company’s second production center based on initial exploration results.
Read more..

MANILA, Oct 15, 2009 (Asia Pulse Data Source via COMTEX) — ZIJMF | Quote | Chart | News | PowerRating — Two of China?s largest mining companies have signified interest to invest US$ 1 billion in the Philippines.
A Memorandum of Understanding was signed between Environment Secretary Joselito Atienza, and Chen Jinghe, chairman of Zijin Mining […]

Bayombong, Nueva Vizcaya (November 11) — Barangay officials of Didipio in Kasibu town recently signed the Memorandum of Agreement (MOA) with a mining firm, allowing their full blown operation to extract gold and copper deposits in the area.
Kasibu mayor Romeo Tayaban said the MOA, signed by the majority of barangay Didipio officials have strengthened the […]