PMEA Blog

Amy R. Remo

MANILA, Philippines – Australian firm CGA Mining Ltd., through its local partner Filminera Resources Corp., has earmarked an additional $25 million (approximately over P1.1 billion) to further increase production in its Masbate gold project.

Of the amount, $10 million had been earmarked for exploration activities, while the remaining $15 million would be used to […]

Amy R. Remo

MANILA, Philippines—The Philippine mining sector remains bullish in attracting as much as $14 billion in mining investments over the next several years, despite the delays that have hampered several major projects in the country.

In a lunch briefing on Tuesday, Benjamin Philip Romualdez, president of the Chamber of Mines of the Philippines, said there […]

Dual listed Philippines focused gold producer CGA Mining (TSX:CGA, ASX:CGX) slipped 2% in trading today despite reporting that its plant availability at the Masbate gold mine was 2.7% ahead of management`s forecast of 92%. The emerging gold producer reported the milestone in a brief update to shareholder this morning to coincide with its […]

Japanese trading house Mitsui & Co. (8031.TO) and Nickel Asia Corp. of the Philippines will join in Sumitomo Metal Mining Co.’s (5713.TO) Taganito nickel project in the Philippines, Sumitomo and Mitsui said Wednesday.

Under the accord signed earlier the day, Mitsui and Nickel Asia will buy new shares to be issued by Sumitomo unit Taganito HPAL […]

Sumitomo Metal Mining Co. (5713.TO) has begun developing a $1.3 billion nickel refinery in the southern Philippines, an executive at the Japanese company’s local unit said Tuesday.

The facility, which will have an output capacity of 30,000 metric tons a year and be located in Surigao del Norte province, is projected to begin commercial operation by […]

Mindoro Resources Ltd. (TSX VENTURE: MIO | PowerRating) (FRANKFURT:WKN 906167) today announced a further significant increase to the Mineral Resource estimate for the Agata Nickel Project based on a review and reinterpretation of the basal saprolite contact and a change in model parameters. The Measured and Indicated resource has increased to 32.6 million […]

MANILA, Philippines - The estimated value of minerals produced by Philex Mining Corp. rose 20% during the first 8 months of 2010.
Based on the firm’s disclosures to the Philippine Stock Exchange, production from January to August amounted to P7.42 billion compared to P6.2 billion in the same period last year, owing to increased tonnage, better […]

A group of environmental organizations is urging President Aquino to revoke the government’s mining policy because it weighs down on administration’s efforts to tread on tuwid na daan (right path).
Alyansa Tigil Mina (ATM) claimed that the mining industry as a whole has failed to deliver on economic benefits it promised.
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Barry FitzGerald

A $550 million takeover of the Melbourne-based Philippine copper-gold group Indophil Resources is back on the cards after the July withdrawal by Chinese group Zijin with its $1.28-a-share offer.

Indophil, a 37.5 per cent partner in the world-class Tampakan copper-gold project in the Philippines, said yesterday it was in “dialogue with a range of interested […]