PMEA Blog

MBMI RESOURCES INC. (”MBMI” or the “Company”) (TSX VENTURE: MBR | Quote | Chart | News | PowerRating) is pleased to announce that its Philippine operations are preparing to recommence nickel material shipping activities. Several sales agreements have been executed with Asian industrial consumers for the delivery of nickel bearing material having grades […]

Metals Exploration, the Pacific Rim natural resources group, has updated its guidance on the economic parameters for its Runruno gold and molybdenum project on the island of Luzon in the northern Philippines.
The project was recently given a revised resource estimate of 1.5 million ounces of gold and 25.4 million pounds of molybdenum and is now […]

INVESTMENTS in the capital-intensive mining industry could surge this year to $1.428 billion, up from 2009’s below-target result, on the back of increased demand that has led to an uptick in metal prices.
The forecast, by the Mines and Geosciences Bureau (MGB), is expected to help allow the country to achieve a 2013 target of $13.496 […]

West Australian-based gold exploration company Red 5 (ASX: RED) has kicked off exploration diamond drilling at the LSY prospect in the Philippines, with the first of seven planned holes now at 278 metres depth.
Managing Director Greg Edwards said the hole had, at the predicted depth, intersected an altered diorite intrusive rock-type, a typical host to […]

abs-cbnNEWS.com
MANILA, Philippines - Australia-registered CGA Mining Ltd has announced it is raising C$74.8 million to repay loans and further explore the Masbate gold project.
The project, which is currently ramping up to full production, has a total indicated resource base of 4.55 million ounces of gold and an inferred resource base of 3.22 million ounces with […]

Philippines-focused Gold producer Medusa Mining (ASX: MML) has announced record gold production of 21,108 ozs at the Co-O Mine during the quarter.
This compared to 18,054 ozs in the previous quarter, with the latest gold production at an average grade of 18.68 g/t gold and average cash cost of US$184 per oz (US$136 per oz before […]

Jan 19 (Reuters) - CGA Mining Ltd (CGA.TO) said it would raise gross proceeds of C$74.8 million ($72.55 million) in bought deal financing to fund exploration at the Masbate gold project, located in the Philippines, and repay debts.
CGA said a syndicate of underwriters, led by BMO Capital Markets, will buy 34 million shares at C$2.20 […]

Australian-based gold producer Medusa Mining (ASX/AIM: MML, TSX: MLL), through its Philippines operating company Philsaga Mining Corporation, has wrapped up a re-interpretation of the resource model for the Co-O Mine, located in the Philippines.
The revised resource is JORC and NI 43-101 compliant, with a large number of drill hole intersections are yet to be included […]

CGA Mining (CGAFF.PK) was added to the S&P/TSX Global Gold index on the 23rd of December, just two years after beginning construction on its 7.8M ounce Masbate Gold Mine in the Philippines, and three weeks after declaring a maiden high grade resource on its Segilola project in Nigeria. This index, which comprises the top 34 […]

Australian nickel laterite producer Rusina Mining has concluded talks with its local partner in the Philippines that should see the re-start of limited Direct Shipping Ore operations by the end of January.
Rusina has been in discussions with DMCI Mining Corporation for some weeks over the possibility of resuming some selective shipments of nickel laterite ore […]