PMEA Blog

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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ADELAIDE, Australia — China’s biggest gold producer Zijin Mining Group has abandoned a $470 million takeover bid for Australia’s Indophil Resources Ltd. because of a long delay in getting Chinese local government approval for the deal.
Because Zijin is not a Chinese state-owned enterprise, approvals for the 545 million Australian dollar ($470 million) takeover, which was […]

Manuel T. Cayon
DAVAO CITY—The Apex Mining Co., declared anew by its new owners as a Philippine gold-mining company, has vowed to restart the operation of its gold mines in Maco, Compostela Valley.
The strength of its mining potential in Masara mines in Maco, said Emelita C. Fabro, chief of corporate relation and administration, would not only […]

Kevin Grewal
As a result of waning confidence in global growth and currency instability, investors continue to seek gold as a safe haven, pushing the shiny metal to record levels.
On Friday, gold soared passed the $1,260 per ounce mark, pushing gold futures up nearly 15 percent year-to-date and there is positive support indicating that the metal […]

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 […]

By Riza T. Olchondra
MANILA, Philippines—The government has approved the work program for the Kingking copper-gold project in Pantukan, Compostela Valley, according to new operator Nationwide Development Corporation (NADECOR).
NADECOR, which has taken over operational duties from publicly listed Benguet Corp., said it could now move forward with the completion of the Declaration of Mining Project Feasibility […]

Historically, gold is rare because of the poverty of precious yellow metal in gold mines. Despite all the difficulties, the world gold production managed to grow for centuries; it multiplied by 4 in 100 years. But since 2001, the miraculous growth of world gold production appears to have peaked.

The hierarchy of global gold producers are […]

Metals Exploration PLC (AIM: MTL) said the Financial and Technical Assistance Agreement (FTAA) for the Runruno gold-molybdenum project on the island of Luzon in the northern Philippines has been signed by order of President Macapagal-Arroyo, thus upgrading the project from its previous exploration permit status.
Shares rose 8.3 percent in early London trade on the news, […]

by Proactive Investors
Toronto and Australian listed gold producer CGA Mining’s (ASX: CGX, TSX: CGA) share price has been on an upward trend since early July, as the company ramps up to full gold production in the Philippines.
Having only acquired the Masbate gold project in 2007, CGA’s Masbate already has a resource base of 5.0 million […]

philstar.com
MANILA, Philippines (Xinhua) — Anglo American PLC Group, the world’s fourth-largest diversified mining group, is exploring copper and gold deposits in several areas of Cordillera region, a ranking official of the company said today.
In an interview with reporters during a mining conference held here, Roderick Wattt, Anglo American’s exploration manager for the Philippines, said the […]