PMEA Blog

MANILA, Nov 12, 2009 (Dow Jones Commodities News via Comtex) — PLXCF | Quote | Chart | News | PowerRating — First Pacific Ltd. (0142.HK) said Thursday it wants to acquire an additional stake in Philex Mining Corp. (PX.PH), the Philippines’ largest gold and copper producer by sales.
“It remains our intention to increase our interest […]

Copper and gold mining exploration company Indophil Resources NL (ASX:IRN) has announced a resource upgrade at the Tampakan Copper Gold Project in the Southern Philippines.
The company has upgraded the mineral resource by 8 per cent from 2.2 billion tonnes to 2.4 billion tonnes, and increased the measured tonnes by 25 per cent up from 620 […]

Prime Sarmiento
MANILA, Nov. 11 (Xinhua) — Philex Mining Corp. is emerging to be the next darling of the stock market as some of the country’s most prominent businessmen competing to control the Philippines’ biggest and most profitable mining firm.
Wednesday, the main-share Philippine Stock Exchange composite surged to a 19-month high to close 1.68 percent higher […]

Doris Dumlao
Philippine Daily Inquirer
THE SHARE PRICE OF PHILEX MINING Corp. shot up to a record high Monday as investors expect a bidding war among key shareholder groups of the country’s largest and most profitable mining firm.
Defying a market downturn, Philex surged another 16.7 percent yesterday to close at P15.75 after hitting an intra-day peak of […]

Zinnia B. Dela Peña (The Philippine Star)
MANILA, Philippines - Philex Mining Corp., the country’s largest miner, reported that its Padcal copper-gold mine in Benguet produced 6.84 million tons of ore during the first 10 months of the year with an estimated value of P7.9 billion.
In October alone, Philex churned in P890 million worth of […]

DEXTER A. SEE
BAKUN, Benguet — The management of the Royalco Philippines here disclosed it has already completed nearly P10 million worth of various infrastructures and social projects for the benefit of villagers in Barangay Gambang as its continuing corporate social responsibility while pursuing its on going exploration project under Phase 1 of its five-phased exploration […]

Marianne V. Go (The Philippine Star)
MANILA, Philippines - British Crew Gold Corp. is bailing out of its investment in Apex Mining Co.
In a disclosure to the Philippine Stock Exchange, Apex president and chief executive officer Deogracias G. Contreras reported that Crew Gold has decided to sell for $7 million its 211,534,806 class “B” shares […]

MANILA, Nov 05, 2009 (Dow Jones Commodities News Select via Comtex) — PLXCF | Quote | Chart | News | PowerRating — Philex Mining Corp. (PX.PH), the Philippines’ most profitable gold producer, said Thursday a company controlled by one of its directors has acquired 50 million shares of the company for PHP637.5 million ($13.4 million).
Philex […]

Marvin A. Tort / Sway
The Philippines, from many indications, appears to enjoy strong potential relative to the development of a strong, vibrant, and successful mining industry. To date, however, community opposition to mining in several parts of the country appears to enjoy more print space and airtime as opposed to the potential economic and social […]

by Proactive Investors
Australia listed gold producer CGA Mining (ASX: CGX, TSX: CGA) capped a successful quarter, closing a C$25 million share offering and increasing gold production.
A previously announced private placement of 14,705,000 ordinary shares in the company were issued at C$1.70 per share, via a brokered private placement with BMO Nesbitt Burns Inc. and a […]