PMEA Blog

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 […]

A Filipino-owned mining firm is gearing to penetrate the export markets of Japan and Australia in the coming months after it successfully shipped 54,000 metric tons (MT) of nickel ore to mainland China last week.

Officials of the Oriental Vision Mining Philippines estimate the shipments to be around 50,000 to 60,000 MT, which will be both […]

Crazy Horse Resources Inc a Vancouver based mineral exploration company provides the following update on its acquisition of 100% interest in the Taysan Copper Gold Porphyry Project in Batangas Province of Philippines further to its news release of June 15th 2010.

The Taysan Project consists of 2 exploration permits and 3 exploration permit applications covering an […]

The Mines and Geosciences Bureau (MGB) on Wednesday reported that the national government would earn at least P10 billion in taxes, fees, and royalties from mining operations this year, from P9.18 in 2009.

“This goes to show that mining in the country is still alive regardless of a couple of unfortunate incidents that alarmed investors in […]

Crazy Horse Resources Inc. (TSX VENTURE: CZH | PowerRating) (the “Company”) a Vancouver based mineral exploration company,
provides the following update on its acquisition of a 100% interest in the Taysan Copper-Gold Porphyry Project, in Batangas
Province, Philippines (the “Acquisition”) further to its news release of June 15, 2010. The Taysan Project consists of two
exploration permits […]

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 […]

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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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 […]

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 […]