PMEA Blog

MANILA, Aug 4 (Reuters) - Atlas Consolidated Mining and Development Corp (AT.PS), the Philippines’ second-largest miner, plans to increase copper concentrate production at its Toledo mine as it ships more of the concentrate to China, the company said on Tuesday.
Encouraged by higher prices, some metals producers worldwide are reopening mines and expanding capacity in anticipation […]

I wonder, how would the people of Marinduque react to new moves to clear the way for the resumption of copper-mining operations in their province? I got wind of this juicy tidbit as I was poking around at the Department of Environment and Natural Resources (DENR) this week.
While there is yet no official confirmation of […]

MANILA, Philippines - Philex Mining Corp., a subsidiary of Philex Gold, Inc., has completed the pre-feasibility study of its Surigao del Norte copper-gold mine, the company said in a disclosure to the stock exchange.
The study, completed by South African consulting firm Independent Resource Estimations, said the Boyongan copper-gold project is economically viable given the estimated […]

Leading Philippines mining company, Philex, is to buy Anglo American’s 50 percent stake in the government prioritised Boyongan gold/copper project which will leave it with 100 percent control.
Philex Mining Corp , the Philippines’ most valuable listed mining company, said on Thursday it was buying out partner Anglo American Plc in a gold and […]

Reuters reported that mining groups from Brazil to Australia are combing the Philippines for copper, nickel and gold but patience is required to see a return on investment. Disagreement over contracts, communist rebel attacks, financial difficulties and local opposition have stalled some existing mining projects in the Philippines but with metal prices still high, overseas […]

From: www.sunstar.com.ph
By Ace Alegre
MANKAYAN, Benguet — The Lepanto Consolidated Mining Company is facing a government probe for allegedly polluting rivers along Mankayan town in Benguet, Cervantes town in Ilocos Sur and all the way to the Abra River in Abra province, one of the five biggest rivers in the country.
Read More

From: www.reuters.com
MANILA, Aug 26 (Reuters) - Atlas Consolidated Mining said on Tuesday it has signed a deal to supply 60,000 dry metric tonnes of copper concentrate from its Toledo mine in the central Philippines to privately-owned Swiss company MRI Trading.
Read More

From: www.proactiveinvestors.com.au
Medusa Mining, the expanding gold producer in the Philippines, announced a updated JORC compliant Ore Reserve estimate at the Co-O Gold Mine.
The Co-0 Mine now has a probable reserve estimate of 721,000 tonnes grading 10.77 grams per tonne gold, containing 249,000 ounces. There is also “additional potential” mining inventory of 949,000 tonnes at an […]

From: www.mindanews.com
GENERAL SANTOS CITY (MindaNews/23 August) — The bid war to wrest control over the 34.5 per cent stake of Australian-based Indophil Resources NL at Sagittarius Mines Inc. (SMI) took a new twist last week as a new consortium upped its bid statement to outmaneuver Anglo-Swiss owned Xstrata Copper. XStrata Plc, which owns Australia-based Xstrata […]

From: www.manilastandardtoday.com
By Othel V. Campos
OceanaGold Corp. is finalizing a financing scheme for its Didipio mining project in Nueva Vizcaya province.
“We are working on a solution that will allow the project to be built and commissioned in the shortest possible timeframe and in a manner that maximizes the value for all our stakeholders,” said company vice […]