PMEA Blog

Sumitomo Metal Mining Co. Ltd. (5713.TO) said Monday it will start developing a nickel mine in the Philippines with an expected annual output of 30,000 tons.
The Japanese nonferrous metals refiner said the largest nickel supplier in the Philippines, Nickel Asia Corp., will also invest in the $1.3-billion project, which is located in Taganito in the […]

MANILA, Philippines - Lucio Tan-led MacroAsia Corp. will spend P50 million to continue exploration of its nickel laterite project in Brooke’s Point in Palawan that is expected to be finished in the first quarter of 2010, its chairman for compensation and mining committee Johnip G. Cua said.
Cua said the interim exploration update of the project […]

MANILA, Philippines - The peso value of minerals produced for the first nine months this year plummeted as nickel prices fell, a report from the Philippines’ Mining and Geosciences Bureau indicated.
Mineral costs during the period fell to P50.95 billion from P64.91 billion during the same period a year ago, tracking the decline of nickel, […]

Nikkei without saying sources reported that Sumitomo Metal Mining Co will delay construction of a nickel ore processing plant in the Philippines by one year as the slowing global economy cuts demand and prices for the metal.
Nikkei added that the plant on Mindanao Island, designed to have annual capacity of 30,000 tonnes, may start production […]

Wednesday , 13 Aug 2008
It has always been your Company’s intention to maximise the value of its large nickel resource base through product beneficiation. It is very pleasing therefore, to report that shortly after the end of the year under review, we signed a memorandum of understanding with Jiangxi Rare Earth and Rare Metals Tungsten […]

Reuters reported that mining groups from Brazil to Australia are combing the Philippines for copper, nickel and gold but patience is required to see a return on investment. Disagreement over contracts, communist rebel attacks, financial difficulties and local opposition have stalled some existing mining projects in the Philippines but with metal prices still high, overseas […]

By Othel V. Campos
The Mines and Geosciences Bureau has given the go-signal to European Nickel Plc of the United Kingdom to build a $20-million heap leach testing site in Zambales province that will determine the adaptability of local laterite nickel ore.
“It’s starting out as a research project. The firm is taking [nickel] ore samples from […]

From: www.reuters.com
MANILA, Aug 26 (Reuters) - Atlas Consolidated Mining said on Tuesday it has signed a deal to supply 60,000 dry metric tonnes of copper concentrate from its Toledo mine in the central Philippines to privately-owned Swiss company MRI Trading.
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From: www.mineweb.com
It has always been your Company’s intention to maximise the value of its large nickel resource base through product beneficiation. It is very pleasing therefore, to report that shortly after the end of the year under review, we signed a memorandum of understanding with Jiangxi Rare Earth and Rare Metals Tungsten Group, a major, […]

From: www.tradingmarkets.com
Toledo Mining Corp. announced Wednesday its results for the year ended March 31, it made a profit before tax of GBP1.2 million compared witha loss of GBP1.3 million and the directors do not recommend the payment of a dividend.
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