PMEA Blog

Agri-Commodities
MINING companies in Mindanao have banded together and organized themselves into a group to push for responsible mining in the region.
Called the Coalition for Responsible Mining in Mindanao (Coremin2), the group was formed following a three-day mining forum organized by the Mines and Geosciences Bureau (MGB) and the Regional Mining Development Council in the Zamboanga […]

DEXTER A. SEE
BAGUIO CITY December 10 – The Cordillera Regional Development Council (RDC) and the Regional Mineral Development Council (RMDC) here asserted the need for local governments and mining companies to practice responsible mining in the exploitation, utilization and development of the rich mineral resources in the different parts of the region.
The observance of responsible […]

Gold producer Medusa Mining (ASX: MML, TSX: MLL), through its Philippines operating company Philsaga Mining Corporation, has announced an update of drilling results, with high grade intersections to the east of the Co-O Mine confirming strike extensions of the vein system to around 1,400 metres.
The highlights include MD 172 0.85m at 83.47g/t Au; MD 179 […]

abs-cbnNEWS.com
MANILA, Philippines - Listed miner Benguet Corp. is pushing through with a gold and copper project in southern Mindanao after the Department of Environment and Natural Resources (DENR) upheld its rights as operator.
Benguet clarified that Nationwide Development Corp. (NADECOR) remains a partner in the mining project.
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Philex Mining Corp. said yesterday Manuel V. Pangilinan, the chairman of Philippine Long Distance Telephone (PLDT) Co., had taken over as chief executive officer (CEO) in addition to being the chairman of the company.
Mr. Pangilinan is also managing director of Hong Kong’s First Pacific Co. and chairman of its Philippine unit Metro Pacific Investment Corp.
Read […]

CEBU, Philippines - The Mines and Geosciences Bureau-7 of the Department of Environment and Natural Resources assured the public that operating mining companies in Central Visayas have installed and maintained standard rain gauges and other necessary measures in their respective mining sites so as not to cause hazardous impacts such as landslide, flooding and other […]

Hong Kong’s First Pacific Co. Ltd. yesterday closed the deal to buy a 9.24% stake in Philex Mining Corp., the country’s largest miner, for P9.493 billion or $202 million.
The deal increased First Pacific’s stake in Philex Mining to 40.7%, making it the single largest shareholder in the company.
“The [Philippine Stock Exchange] approved the execution of […]

THE VALUE of mineral production rose by more than a quarter to P23.082 billion in the third quarter from year-ago levels, driven by higher metal prices and production, data from the Mines and Geosciences Bureau (MGB) show.
The 26% rise in production value was a turnaround from the 0.54% and 8% declines recorded in the second […]

Esmarie Swanepoel
JOHANNESBURG (miningweekly.com) – ASX-listed Red 5 has completed a A$45-million equity raising and secured a financing package of $40-million, which it would use for the development of the Siana gold project in the Philippines.
The equity placement of 290-million ordinary shares at 15,5c a share was made to professional and sophisticated investors in Australia, Singapore […]

Redjie MElvic Cawis
La Trinidad, Benguet (5 December) — More than 3,000 small scale miners are expected to attend the 7th Small Scale Mining Congress on December 16 to 18 to be hosted by Benguet province.
With the theme “Small Scale Mining: A Positive Resource for Community Development”, the Benguet Federation of Small Scale Miners, the provincial […]