PMEA Blog

BAYOMBONG, Nueva Vizcaya – The environmental group Alyansa Tigil Mina (ATM) scored the 8th Asia-Pacific Mining Conference
held in Manila last week claiming that the meeting of mining stakeholders in the region is not a welcome development.
In a statement sent to GMANews.TV, ATM said the much-taunted super-cycle of mineral prices has gone bust.
“Prices are plummeting […]

From: www.manilastandardtoday.com
By Othel V. Campos
OceanaGold Corp. is finalizing a financing scheme for its Didipio mining project in Nueva Vizcaya province.
“We are working on a solution that will allow the project to be built and commissioned in the shortest possible timeframe and in a manner that maximizes the value for all our stakeholders,” said company vice […]

From: www.reuters.com
MANILA, Aug 20 (Reuters) - Australia-based gold miner OceanaGold will invest a further $29 million in the next six months in its Philippine copper and gold venture while it seeks a partner for the project, a company official said on Wednesday.
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From: www.odt.co.nz
By Simon Hartley
Oceana Gold, New Zealand’s largest gold miner, rejects claims it is facing its most crucial period during the 18-year life of its mainstay Macraes site in East Otago. Otago Daily Times business reporter Simon Hartley talks to Oceana chief executive Steve Orr about its decimated market capitalisation and, more importantly, Oceana’s quest […]

From: www.tradingmarkets.com
MANILA, Aug 14, 2008 — China’s Sino Gold may invest in the development of the Didipio copper-gold project in northern Philippines, owned by OceanaGold Corp. (OGC.AX), a senior government official said Thursday.
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From: www.odt.co.nz
By Simon Hartley
Oceana Gold’s Macraes mine operation in East Otago is going through “tough times” in an attempt to rectify a fall in ore tonnage and gold production.
The market capitalisation of the country’s largest gold producer has plummeted 85% from $A668 million to $A97 million over 14 months, following restructuring and moving its principal […]

From: www.gmanews.tv
BAGUIO CITY – Nueva Vizcaya Governor Luisa Lloren Cuaresma and several other officials of her province face graft charges for allegedly keeping an Australian mining firm from doing a local project, causing it to lose $65,000 for every day that it has not been allowed to operate.
The complaint was filed last month at the […]

From: www.newswire.ca
OceanaGold sold 58,831 ounces during the second quarter of 2008 at a cash operating cost of $741 per ounce.
During the quarter, the Company incurred materially higher fuel and power costs for its New Zealand operations which reduced the cash operating margin. Diesel and electricity accounted for $45 per ounce and $74 per ounce increases […]

From: www.metalmarkets.org.uk
By Gill Montia
Australian miner, OceanaGold, has announced that it is currently in discussions with various parties regarding strategic options for its Didipio project in the Northern Philippines.
The company needs to raise $185 million to continue with the project and is considering joint venture and/or merger opportunities in relation to the troubled copper and gold […]

From: uk.reuters.com
MANILA (Reuters) - Australian miner OceanaGold is talking to financial firms and rival gold miners about investing in or even buying its troubled copper and gold project in the northern Philippines, the company said on Wednesday.
The Didipio project is viewed as a test case for foreign ownership in the Philippine minerals sector, but has […]