PMEA Blog

Coronado Resources Ltd. (TSX VENTURE: CRD) is progressing on the due diligence to acquire several gold mining concessions located in the prolific Masbate gold region of the Philippines. At this time Coronado has three separate concessions totaling 60 hectares, Panique, Rudy and Capsay. The Panique concession is located just 600m east of one of the […]

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MANILA, Philippines - Listed firm Pacifica Inc. will bid for the management and operation of 2 other power projects aside from the 1,200-megawatt Ilijan combined power plant in Ilijan, Batangas.
In a disclosure to the stock exchange, the company said its board approved its planned participation in the sale of the independent power producer administrator (IPPA) […]

Mining group Xstrata is to resume dividend payments despite reporting a drop in full-year profits.
The company said its pre-tax profits fell to $1.87bn (£1.2bn) in 2009, down from $6.05bn a year earlier.
Xstrata blamed the fall in profits on heavy one-off costs and lower commodity prices.
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VANCOUVER, Feb. 5 /CNW/ - CGA Mining Limited (ASX: CGX, TSX: CGA) (”CGA” or the “Company”) is pleased to announce that it has successfully closed its previously announced private placement, on a bought deal basis, of 39,100,000 ordinary shares in the capital of the Company (”Shares”). The net proceeds from the sale of the Shares […]

Philex Mining Corporation (PSE:PX), in a disclosure to the Philippine Stock Exchange, announced that it has produced 249,845 grams of gold in January.
The gold ore was sourced from the company’s Padcal mine.
Aside from this, Philex also extracted 1,174,305 kilograms of copper and 268,622 grams of silver for the above-mentioned period.
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Feb. 3, 2010 (China Knowledge) - Hong Kong-based First Pacific Co Ltd said on Monday that it has completed the purchase of an additional 5.9% stake in Philex Mining Corp for nearly US$130 million through its unit Two Rivers Pacific Holdings Corp, Dow Jones Newswires reported.
The company last Friday said in the statement filed with […]

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MANILA, Philippines - Philex Mining Corporation reported that its Padcal mine delivered ore worth P805 million in January this year, an 8% improvement over the P745 million worth of ore mined in the same month of 2009.
In a disclosure to the Philippine Stock Exchange, Philex president Jose Ernesto Villaluna Jr. said Philex delivered 684,459 dry […]

Drilling Intersects 42.2 Meters of 0.5 Percent Copper
EDMONTON, ALBERTA–(Marketwire - Feb. 1, 2010) - Mindoro Resources Ltd. (TSX VENTURE:MIO) (FRANKFURT:WKN 906167) is pleased to advise results from six wide-spaced reconnaissance drill holes completed by Gold Fields on Mindoro’s El Paso Project, one of three projects under joint venture with Gold Fields and located within the […]

CANADIAN-BACKED TVI Resource Development (Phils.), Inc. has completed its eleventh shipment of copper concentrates produced at the Canatuan mine in Zamboanga del Norte.
The miner said on its Web site yesterday that the 55,161 dry metric tons of copper concentrates, or copper with ore, were shipped from its warehouse at Santa Maria Port in Siocon, Zamboanga […]

HONG KONG’s First Pacific Co. Ltd. completed on Friday the purchase of an additional 5.9% stake in Philex Mining Corp., further strengthening First Pacific’s hold in the Philippines’ largest miner.
The deal was coursed through Two Rivers Pacific Holdings Corp., an affiliate of First Pacific. “Following the completion, Two Rivers holds a total of approximately 15.1% […]