PMEA Blog

From: www.gmanews.tv
MANILA, Philippines - An organization of Rapu-Rapu Island residents has demanded the pullout of South Korean investors from the controversial Lafayette Phils. mining site, saying they want no mining operations on the island, which is part of Albay.
LG International and Korean Resources Corp. (Kores) gained majority control of Lafayette last April 2008 and took […]

From: newsinfo.inquirer.net
By Kristine L. Alave
Philippine Daily Inquirer
MANILA, Philippines – The Catholic bishop of Sorsogon province in the Bicol region has called for the “total closure” of a controversial mine in Rapu-Rapu Island, Albay.
Read More

From: Manilastandardtoday.com
LG International Corp., the trading arm of South Korea’s fourth-biggest industrial group, and several other companies are in talks that may lead to an investment in the Rapu Rapu copper project.
“We hope to get a firm offer from some of the parties by next week,” said Ken Fung, a manager at Ferrier Hodgson, the […]

MANILA, Feb 19 (Reuters) - Lafayette Philippines, a unit of Australia’s Lafayette Mining (LAF.AX: Quote, Profile, Research), is in talks to sell its copper and gold mine to partner Korean Resources Inc (Kores), a government official said on Tuesday.
The director of the Mines and Geosciences Bureau told reporters that Kores was conducting due diligence on […]

MANILA - Operators of the Rapu-Rapu mining project in the Philippines have sought court protection from creditors as investors hold talks with a South Korean group for a possible buy-in, the managers said.
One of the first projects to reach the production stage after a new Philippines mining law took effect in 2005, Rapu-Rapu has been […]

From: Inquirer.net
By Enrico dela Cruz
Thomson Financial
MANILA, Philippines — Operators of the Rapu Rapu mining project in the Philippines have filed a court petition seeking protection from creditors and disclosed Wednesday that negotiations with a Korean investor were underway.
The petition comes less than two months after Australia’s Lafayette Mining Ltd. decided to come under voluntary administration. […]

Ridgeland, MS, JAN 11, 2008 (EventX/Knobias.com via COMTEX) — ZNXT | news | PowerRating | PR Charts — By Fain Hughes, fhughes@knobias.com
Philippine green groups today cautioned the Environment Secretary against supporting larger deployments of military and police personnel to protect the operations of foreign mining firms such as Xstrata in South Cotabato, warning that this […]

GLOBAL miner Xstrata and its Australian partner Indophil Resources are potentially facing further raids at their Tampakan project in The Philippines after communist rebels warned of a campaign to stop the mine going ahead.
But Xstrata said it remained committed to the project, which it said had strong government and community support.
The communist-backed New Peoples Army […]

Tim Boreham | January 04, 2008
OceanaGold (OGC) $2.85
INDOPHIL and Xstrata, owners of the Tampakan copper and gold deposit in The Philippines, assert this week’s attack on its base camp by communist insurgents was aimed not at them, but at the nearby military.
But in claiming responsibility, the New Peoples Army declared a fatwah on the operation. […]

From: Inquirer
By Daxim Lucas
MANILA, Philippines — The recent financial woes of Lafayette Philippines Inc. that brought the Australian-owned mine operator to the brink of bankruptcy has its roots in a past dispute between the firm and its supplier, according to officials familiar with the issue.
In an interview, a government mining regulator told the Philippine Daily […]