PMEA Blog

CGA Mining (ASX: CGA, TSX: CGX) has delivered a bumper set of numbers in the company’s annual report for financial year 2011.
The stand out metric is a 307% increase in net profit to $65.1 million, which was generated from a 51% boost in gold and silver sales to $235.3 million.
 
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As low-cost gold producer Medusa Mining (LON:MML, ASX:MLL, TSE:MLL) unveiled impressive full year earnings of US$120 million, up 64 per cent from last year, the group’s new managing director Peter Hepburn-Brown was firmly focussed on bigger and better things.
This morning’s full year results, for the twelve months ended 30 June 2011, are the first since […]

MANILA, Philippines - Conglomerate First Pacific Co. Ltd. is looking to acquire gold and coal assets in Indonesia, managing director and chief executive officer Manuel V. Pangilinan said last week.
The move comes more than a year after First Pacific effectively gained control of Philex Mining Corp., the Philippines’ biggest gold producer. If successful, it could […]

Medusa Mining (LON:MML, ASX:MML) reported strong full-year financial and production results and is targeting to produce 100,000 to 110,000 ounces of gold in the current full-year at cash costs of around US$200 per ounce.
Pretax profit before interest, depreciation and amortisation rose to US$120.7 million in the year to end-June 2011, up 64 percent year-on-year from […]

Philex Mining Corp., a unit of First Pacific Co. Ltd. of Hong Kong, is looking at gold and copper ventures in Indonesia.
Philex chairman Manuel Pangilinan said the mining company planned to buy more mining assets after making two recent acquisitions.
Pangilinan said the company was looking at Indonesia as possible area of expansion for gold and […]

General Santos City, Philippines—Global mining giant Xstrata’s Sagittarius Mines Inc. (SMI) on Friday announced that it continues to hope to start development activities in its Tampakan project next year to lay the groundwork for full operation by 2016.
SMI, a partnership between the Switzerland-based mining firm, Indophil Resources NL and Filipino investors, to mine gold and […]

MANILA, Philippines — Marcventures Holdings Inc. (MARC), a listed company in the Philippine Stock Exchange, recently announced that its wholly owned mining subsidiary - Marcventures Mining and Development Corporation (MMDC) completed its first shipment of high-grade nickel ore from its mine in Surigao del Sur last week.
The mining subsidiary shipped out 55,600 wet metric […]

By Max V. de Leon, BusinessMirror
Posted at 08/26/2011 7:18 AM | Updated as of 08/26/2011 10:48 AM
MANILA, Philippines - A high-profile delegation from the Chamber of Mines of the Philippines is expected to help the government seal up to $3 billion in mining investments and mineral-supply contracts with Chinese firms during President Aquino’s state visit […]

Online PR News – 25-August-2011 –Makati, Philippines, August, 2011 — Imaginet International Inc, the leading systems integrator and managed network hosting and content security services provider in the Philippines, will be part of the Mining Philippines 2011 Conference and Exhibition on September 13-15, 2011 at the Sofitel Philippine Plaza Hotel.
Hosted be the Chamber of Mines […]

MANILA, Philippines—The local stock market firmed up for a third straight session on Friday as the favorable US jobs report that cheered up Wall Street likewise boosted domestic investor sentiment.
The main-share Philippine Stock Exchange index added 10.71 points or 0.25 percent to finish at 4,321.73.
The mining/oil counter continued to be the day’s […]