PMEA Blog

Mining firm Benguet Corp. told the stock exchange that the Mines and Geosciences Bureau (MGB) had confirmed the validity of its various mining and exploration tenements and projects.
Benguet made the disclosure in compliance with the revised disclosure rules of the bourse.
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MANILA, Philippines - Listed miner Benguet Corp. is looking at creating separate companies out of its mining ventures so it can better manage the projects and allow it to raise capital more easily.
Projects that might get restructured include the Sta. Cruz nickel project in Zambales and the gold recovery and processing project in Itogon, Benguet, […]

BAGUIO CITY, Philippines (UCAN) — Jason Himmayod, who was trapped eight days in a mine, felt weak after doctors pulled from his side the tube that was draining water from his lungs.
Navy divers and fellow miners had rescued him and nine other small-scale miners from a shaft of an abandoned minefield belonging to the private […]

BAGUIO CITY, Philippines - After the recent tragedy in the Benguet Goldfield mines, a senior official of the Catholic Bishops Conference of the Philippines (CBCP) has again reiterated his call to stop mining activities in the country, particularly in the “upland areas.”
Bayombong Bishop Ramon Villena, CBCP Permanent Council North Luzon Regional representative, said the bishops […]

Author: Dorothy Kosich
Posted: Thursday , 25 Sep 2008
Hopes are fading for any survivors during the fifth day of rescue operations for 16 miners trapped inside a former Benguet Mining operation in the municipality of Itogon in the Philippines.
Rescuers found three bodies in a shaft about 270 feet from the tunnel opening, said Fred […]

MANILA, Sep 19, 2008 (Dow Jones Commodities News via Comtex) — BENGF | Quote | Chart | News | PowerRating — Philippines’ mining concern Benguet Corp. (BC.PH) is reasonably confident that it will be developing a gold processing plant next year in Benguet province in the country’s north, company president and chief executive Philip Romualdez […]

From: www.tradingmarkets.com
MANILA, Jul 07, 2008 (Dow Jones Commodities News via Comtex) — Philippine gold and copper producer Philex Mining Corp. (PX.PH) said Tuesday the estimated value of its mine output in June totaled PHP1.04 billion ($23 million).
The amount is slightly lower than its output value of PHP1.01 billion in May, when production was also fell. […]

From: business.inquirer.net
By Philippine Daily Inquirer
MANILA, Philippines–Mining firm Benguet Corp. said it posted a net income of P287 million last year, a turnaround from some P318 million in losses in 2006 and P270 million in 2005.
In a statement, Benguet said the “strengthening of the peso,” which generated substantial foreign currency gains, as well as the sale […]

From: business.inquirer.net
Thomson Financial
MANILA, Philippines — Lepanto Consolidated Mining Co. on Thursday said its first-quarter net loss widened to P100 million ($2.4 million) from P56.6 million in the same period last year due to project delays and a stronger peso.
The company said the firmer local currency, which trimmed export earnings, offset gains from higher prices of […]

From: Inquirer.net
Philex Mining Corp. said it produced P1.06 billion worth of copper, gold and silver from its mines in Benguet province in July, up slightly from P1.04 billion worth in June.
It told the stock exchange that its production reached 1.82 million kilograms of copper, 395,016 kg of gold and 373,897 grams of silver.
t said that […]