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, Sept 21 (Reuters) - South Africa’s Gold Fields Ltd could invest up to $2 billion to develop a gold and copper prospect in the Philippines, a government official said on Wednesday, although the company said it was far too early for such estimates.
Gold Fields, the world’s fourth-largest gold producer, said on Wednesday it had […]

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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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 […]

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, […]

The Philippines’ top gold and copper miner Philex Mining Corporation posted record profits in the H1 on strong metal prices and output and expects to meet production goals in the H2.
The company said that net profit more than tripled to PHP 3.22 billion from PHP 965 million in the H1 of last […]

MELBOURNE, Australia, July 29 /CNW/ - OceanaGold Corporation (ASX: OGC, TSX: OGC, NZX: OGC) (the “Company”) increased Second Quarter gold production to 67,541 ounces, bringing total Half Year production to 132,832 ounces.
In its Second Quarter and Half Year 2010 Results released today, the Company announced a 226% increase to its quarter on quarter cash […]

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 […]