PMEA Blog

Philex Mining Corp. said it may need around $800 million to develop its Silangan project (formerly referred to as the Boyongan and Bayugo deposits) in Surigao del Norte.
In a disclosure to the Philippine Stock Exchange, Philex said the Silangan project, currently in the pre-feasibilty study stage, “could entail per initial and very rough estimate, the […]

Australia’s Indophil Resources NL recommended to shareholders to accept a AUD 1.28 per share buyout offer from Zijin Mining Group and said that the firm’s biggest owner would also accept the offer.
It added that the offer would remove uncertainties and risk associated with the development of the Tampakan project, a copper and gold exploration in […]

Metals Exploration PLC (AIM: MTL) said step-out diamond drilling at the Runruno gold-molybdenum project on the island of Luzon in the northern Philippines has encountered mineralisation whose style is directly analogous to the main Runruno deposit.
Three holes were drilled 700 metres south east of the most southerly known mineralisation of the Runruno deposit, Sample intersections […]

ILOILO CITY, Philippines—Environmental groups lamented what they called the dismal end of the global summit on climate change in Copenhagen and issued a challenge to the Philippines.
“It was a major disappointment and it has stopped the momentum of efforts to push for a concerted global effort to address climate change by reducing carbon emission,” Von […]

Marianne V. Go (The Philippine Star)
MANILA, Philippines - The Chamber of Mines of the Philippines (COMP) has registered its opposition to House Bill 6342, otherwise known as the alternative mining bill.
HB 6342 aims to scrap the Mining Act of 1995 and introduce a new mining policy to regulate the exploration, development and utilization of […]

Jenniffer B. Austria
State-pension fund Government Service Insurance System now has a 5.14-percent stake in Philex Mining Corp., the biggest and most profitable mining company in the Philippines.
Philex said in a filing with the Securities and Exchange Commission that GSIS now held 251.218 million shares of Philex shares to 5.14 percent of the mining firm’s total […]

abs-cbnNEWS.com
MANILA, Philippines - A subsidiary of publicly listed Century Peak Metal Holdings Corp. (CPMHC) will tie up with a foreign company to process ore from its Casiguran nickel project in southern Philippines.
Century Peak Corp. has received board authorization to execute a memorandum of agreement with Fuju Com Resources Inc., a company incorporated in the Republic […]

Philippine Daily Inquirer
MANILA, Philippines–After selling out of Philex Mining Corp., the group of former trade minister Roberto V. Ongpin will return to the mining and oil exploration business using newly acquired Atok-Big Wedge Co. Inc.
Atok Big Wedge disclosed to the Philippine Stock Exchange a management and board shake-up to reflect the entry of Ongpin’s group, […]

Rusina Mining NL (AIM: RMLA, ASX: RML) and its joint venture partner European Nickel PLC (AIM: ENK) jointly announced that the Acoje nickel heap leach trial pad and pilot plant was officially opened on December 9 2009 on Luzon Island in the Philippines.
This is the first pilot plant in the Philippines to trial heap leaching […]

Esmarie Swanepoel
JOHANNESBURG (miningweekly.com) – Perth-based nickel explorer Rusina Mining and its joint-venture (JV) partner, European Nickel, officially opened the Acoje nickel heap-leach trial pad and pilot plant on Luzon Island, in the Philippines.
This was the first pilot plant in the Philippines to trial heap leaching technology on nickel laterites.
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