PMEA Blog

By: MELODY M. AGUIBA - mb.com.ph
Date Posted: 05/Oct/2011
Source:
www.mb.com.ph
MANILA, Philippines — Philex Mining Corp. (PMC) will raise some $1 billion by early 2012 for the Silangan copper-gold project’s construction as part of its aim to become a one million ounce-producing firm in five years.
Already approaching pre-feasibility stage with an aim to start construction by the second […]

MANILA, Philippines - South African mining firm Harmony Gold Mining Co. Ltd., the world’s fifth largest gold producer, is looking to invest in copper-gold projects in the Philippines.
Greg Job, Harmony Gold Southeast Asia executive for growth and resource development, said the 60-year-old company has been looking for opportunities in the country over the last two […]

MANILA, Philippines - Manuel Pangilinan’s Philex Mining Corp. released a report saying its Boyongan-Bayugo property in Surigao has 4.9 billion pounds of copper and 9 million ounces of gold, close to its earlier estimates by external consultants.
Philex said it expects Bayugo and the adjacent Kalayaan claim will be enhanced once they are developed jointly, Pangilinan, […]

MANILA, Philippines — The farming town of Tampakan, South Cotabato is pinning its hopes on the operation of the copper-gold project of Sagittarius Mines, Inc. (SMI) to boost its revenues, reduce the high unemployment rate and arrest the high dropout rate in its schools.
Mayor Leonardo Escobillo, an engineer, said that with farming as its main […]

LONDON -(MarketWatch)- Glencore International PLC is to buy a 70% stake in a Peruvian project, its latest acquisition since listing last month and a move that expands its portfolio in the South American country to include copper.
The company said Monday that its subsidiary Glencore International AG has conditionally agreed to acquire the majority interest in […]

Riza T. Olchondra
THE GOVERNMENT will try to facilitate negotiations between concerned parties for a “compromise” on the open pit mining ban in South Cotabato, which is affecting the $5.2-billion Tampakan copper-gold project.
The Department of Environment and Natural Resources (DENR), which chairs the Minerals Development Council under the Office of the President, will meet with both […]

MANILA, Philippines - The country will try to allay the fears of its local officials and push forward mining projects, including a $5.2-billion gold-copper prospect operated by Xstrata Plc, being threatened by a provincial ban on open-pit mining, a mining official said on Tuesday.
Last month, the outgoing governor of South Cotabato signed a law […]

Othel V. Campos
The government will protect mining investments in the country, including the $5.2-billion Tampakan gold and copper project in South Cotabato, Environment Secretary Ramon Jesus Paje said Tuesday.
“It [Tampakan] is very important for us. We believe we have to protect the investment,” he told reporters in a briefing.
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THE DEPARTMENT of Environment and Natural Resources (DENR) has granted two exploration permits to Canadian-led mining outfit Philippine Metals, Inc. for its Suhi tenements located in Leyte province.
In a statement yesterday, Philippine Metals said the DENR granted the permit on June 23 for two Suhi tenements covering 6,290 hectares, which are on top of the […]

VANCOUVER, BRITISH COLUMBIA - Crazy Horse Resources Inc. (TSX VENTURE: CZH) (the “Company”) a Vancouver based mineral exploration company, announces that it has entered into a property purchase agreement dated June 15, 2010 (the “Taysan Agreement”) with Taysan Copper Corporation for the acquisition of a 100% interest in the Taysan Copper-Gold Porphyry Project, in Batengas […]