PMEA Blog

CGA Mining (TSX :CGA, ASX :CGX) and Filminera Resources Corporation have reported new exploration results from recent drilling at the Capsay/Old Lady Prospect in the Philippines, intercepting high grade gold.
The Capsay/Old Lady Prospect lies 3.5kms from the Masbate Plant site and approx 1.5kms from the southern limit of the exisiting Main Vein pit. It is […]

Coronado Resources Ltd. (TSX VENTURE: CRD) is progressing on the due diligence to acquire several gold mining concessions located in the prolific Masbate gold region of the Philippines. At this time Coronado has three separate concessions totaling 60 hectares, Panique, Rudy and Capsay. The Panique concession is located just 600m east of one of the […]

CGA Mining Limited (”CGA”, the “Company”) is pleased to report the
significant progress made on the commissioning and operation of the Masbate
Gold Project during the quarter.
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The Masbate gold project of Filminera Mining Corp. and partner Central Gold Asia Mining Ltd. of Canada and Australia is expected to begin commercial operation within the month despite opposition from residents.
“Everything is in place now. The project has been delayed for over a year and there’s no stopping Filminera to continue with the project […]

From: www.tradingmarkets.com
The refurbishment (US$6.0M) of the SAG Mill and ancillary equipment for the Masbate Gold Project which has been undertaken in Edmonton, Canada by Weir Minerals (Australia) Ltd (”Weir”), is now complete.
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From: www.newswire.ca
PERTH, Western Australia, July 23 /CNW/ - Refurbishment (US$3.7M) of the two units of 17.5? x 25.5? ball mills and the majority of the ancillary equipment for the Masbate Gold Project is now complete. On July 19 2008 the ball mill components were transported by barge from Cebu Philippines, arrived at the project jetty […]

From: www.istockanalyst.com
By: iStockAnalyst
PERTH, Western Australia, June 12 /CNW/ - CGA Mining Limited (ASX: CGX,TSX: CGA) (”CGA” or the “Company”) is pleased to announce that it has closedits previously announced private placement of 21,212,000 ordinary shares inthe capital of the Company (”Shares”). The proceeds, in combination withexisting cash reserves and a US$80 million senior debt facility […]

From: Philippine Daily Inquirer
By Ephraim Aguilar
LEGAZPI CITY, Philippines — Indebted by almost $240 million, the Rapu-Rapu group of companies operating a copper and zinc mine in Rapu-Rapu island town in Albay will seek court protection from creditors even as it denied claims by anti-mining groups that the mine firm has gone bankrupt.
Carlos G. Dominguez, chairman […]

From: Philippine Daily Inquirer
By TJ Burgonio
MANILA, Philippines — The financial troubles of Lafayette Mining should prod the government to close down the Australian firm’s mining project in Albay, an anti-mining alliance said on Wednesday.
Lafayette Mining, which owns 74 percent of Lafayette Philippines that runs an open pit mine in Rapu-Rapu island, entered voluntary administration Tuesday […]

The exploitation of a country’s mineral resources can only be justified if it does not irreparably damage the environment and if it benefits the community and the nation as a whole. This is beyond all argument. “(From the DENR Summary Report on Rapu-Rapu)
The US$42-million (P2.2. billion) Rapu-Rapu Polymetal-lic Mining Project is intended to produce gold, […]