PMEA Blog

MELBOURNE, Australia, July 29 /CNW/ - OceanaGold Corporation (ASX: OGC, TSX: OGC, NZX: OGC) (the “Company”) increased Second Quarter gold production to 67,541 ounces, bringing total Half Year production to 132,832 ounces.
In its Second Quarter and Half Year 2010 Results released today, the Company announced a 226% increase to its quarter on quarter cash […]

The World Bank Group’s International Finance Corporation will invest about CAD 2.1 million in Mindoro Resources Limited to support the company’s nickel exploration project in Surigao del Norte in northeastern Mindanao that is expected to provide jobs and state revenues once a mine is developed.

Mindoro, a Canada based mining exploration company, will use IFC’s investment […]

Medusa Mining (LON:MML, ASX:MML, TSX:MLL) has promoted Peter Hepburn-Brown from his role as a non-exec director to a new position of executive director of operations.
Hepburn-Brown will be responsible for the management of all operational and technical aspects of the companys operations in the Philippines.
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Solomon Capital has made a mandatory cash offer for Philippines focused miner Metals Exploration (LON:MTL), valuing the company at £35.76 million, or 13 pence per share.
Guernsey incorporated Solomon Capital was established in December 2008, for the purpose of investing in Metals Exploration and is beneficially wholly owned by property millionnaire Christian Candy.
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Medusa Mining (ASX, AIM: MML; TSX: MLL), through its Philippines operating company, Philsaga Mining Corporation, has increased the Indicated Resource by 4% to 603,000 ounces and increased the Inferred Resource by 36% to 898,000 ounces (excluding production since 9 December 2009) at its Co-O Mine.
The grade of both categories has also increased. The company has […]

Ian Sayson
Apex Mining Co., the Philippine gold producer, rose by the daily 50 percent limit in Manila after saying it may have found “high-grade” bullion in a mine in the south.
Apex Class A shares, reserved for Filipinos, gained 50 percent to 4.05 pesos at the noon close of trading in Manila. The stock had […]

MELBOURNE, Australia, July 21 /CNW/ - OceanaGold Corporation (ASX: OGC, TSX: OGC, NZX: OGC) (”the Company”) is pleased to announce further results from an underground diamond drilling program at the Frasers underground mine in Otago, New Zealand.
N.B. The Hangingwall Shear refers to the geologically continuous mineralised zone immediately below the over-laying waste sequence. In […]

James Konstantin Galvez
July 20–The Chamber of Mines of the Philippines (CMP) on Monday scored the Catholic Church for its “extremist view” against the exploitation and development of the country’s natural resources. In a statement, Nelia Halcon, the executive vice president Chamber of Mines, expressed disappointment over the letter of the Catholic Bishops’ Conference of the […]

WASHINGTON, DISTRICT OF COLUMBIA and MANILA, PHILIPPINES–(Marketwire - July 14, 2010) - IFC, a member of the World Bank Group, today agreed to invest about 2.1 million Canadian dollars in Mindoro Resources Ltd to support a nickel exploration project in the Philippines that is expected to provide jobs and government revenues once a mine is […]

Deluged with calls from local and foreign investors who have mining interest in the country, the Chamber of Mines raised an alarming bell to the Legislature to first find ways for all stakeholders to meet and find common ground “that will allay the fears and also afford the country the benefits for investments” as what […]