PMEA Blog

Medusa Mining (ASX:MML, AIM:MML, TSX:MLL), through its Philippines operating company Philsaga Mining Corporation, has announced an update of the Co-O mine surface drilling results for new holes MD 217 to MD 240 and some additional results from earlier holes received subsequent to the announcement of 17 December 2009.
Geoff Davis, Managing Director of Medusa, commented “on-going […]

PHILEX Mining Corp. plans to expand overseas, the chairman of the Philippines’ biggest mining firm said
“We are looking at purely gold and copper,” Manuel V. Pangilinan, who is also managing director of First Pacific Co. Ltd., told reporters. First Pacific owns a substantial stake in Philex. Pangilinan cited Indonesia as one of the possible expansion […]

Miguel R. Camus / Reporter
LISTED NiHAO Mineral Resources International Inc. announced that it acquired roughly a third of privately held mining operator Oriental Vision Mining Philippines Corp.
In a stock exchange filing yesterday, NiHAO said it acquired 3,000 shares worth P3 million. The company plans to acquire an additional 60,000 shares worth P60 million after the […]

Rusina Mining (ASX: RML, AIM: RMLA) has announced the issuance of two additional Environmental Compliance Certificates (ECCs) for the Acoje nickel-chromite project on Luzon Island in the Philippines.
The company is developing the Acoje Heap Leach Project in partnership with European Nickel plc, which is earning a 40% project interest by spending US$10m on the feasibility […]

Delfin Mallari Jr.
Inquirer Southern Luzon
LUCENA CITY, Quezon City, Philippines—The Department of Environment and Natural Resources has imposed eight conditions for the full resumption of quarry operations in Sariaya, Quezon, an official of a regional environmentalist group, said on Tuesday.
Lawyer Sheila de Leon, Tanggol Kalikasan (Nature Defense)-Southern Tagalog chief, said the lifting of the suspension was […]

Environment and Natural Resources (DENR) Sec. Horacio Ramos, a practicing mining engineer who rose from the ranks of the DENR, has signed four policies aimed at reviving and redirecting the mining industry towards sustainability and responsibility.
At the testimonial dinner given for him after the oath-taking of the new officers of the Philippine Society of Mining […]

Nine miners have expressed interest to partner with the government in exploring and developing the fourth parcel of the Mt. Diwalwal gold rush area in Compostela Valley in Mindanao, which is said to hold the country’s largest gold deposits.
These are Paraiso Consolidated Mining Corp. (Pacomingco), construction firm FF Cruz & Co., Inc., Philex Mining Corp., […]

Philex Mining Corp. (PX.PH), the Philippines’ largest miner by revenue, said Monday that its Padcal copper-gold mine, had proven reserves of 69.2 million metric tons as of December last year.
The estimate is slightly lower than proven reserves of 73.8 million tons estimated as of last June that the company announced in August.
Read more..

Amy R. Remo
Philippine Daily Inquirer
MANILA, Philippines–Philex Mining Corp., the country’s largest miner, is set to indirectly acquire all of the outstanding common shares of Toronto-based Philex Gold Inc. from minority shareholders for $0.75 apiece.
In a disclosure to the Philippine Stock Exchange, Philex Mining said Philex Gold was able to obtain an interim order from the […]

Medusa Mining (ASX, AIM: MML, TSX: MLL) said the commissioning of the mill expansion is at the Co-O mine in the Philippines is progressing well and the company is set to meet its targeted production of 25,000 ounces of gold this quarter.
Managing director Geoff Davis commented: “The company is set to achieve another production […]