PMEA Blog

By: JAMES A. LOYOLA - mb.com.ph
Date Posted: 07/Oct/2011
Source:
www.mb.com.ph
MANILA, Philippines — Philex Mining Corporation, the country’s top gold producer, registered a 37 percent growth in the estimated value of production of its Padcal mine to P12.19 billion in the first nine months of 2011 from P8.91 billion in the same period last year due to higher […]

By: MELODY M. AGUIBA - mb.com.ph
Date Posted: 05/Oct/2011
Source:
www.mb.com.ph
MANILA, Philippines — Philex Mining Corp. (PMC) will raise some $1 billion by early 2012 for the Silangan copper-gold project’s construction as part of its aim to become a one million ounce-producing firm in five years.
Already approaching pre-feasibility stage with an aim to start construction by the second […]

Philex Mining Corp., a unit of First Pacific Co. Ltd. of Hong Kong, is looking at gold and copper ventures in Indonesia.
Philex chairman Manuel Pangilinan said the mining company planned to buy more mining assets after making two recent acquisitions.
Pangilinan said the company was looking at Indonesia as possible area of expansion for gold and […]

MANILA, Philippines - Manuel Pangilinan’s Philex Mining Corp. released a report saying its Boyongan-Bayugo property in Surigao has 4.9 billion pounds of copper and 9 million ounces of gold, close to its earlier estimates by external consultants.
Philex said it expects Bayugo and the adjacent Kalayaan claim will be enhanced once they are developed jointly, Pangilinan, […]

After appearing to make progress in cooling tensions over the South China Sea in recent weeks, Southeast Asia and China face the potential for more trouble ahead as oil and gas companies expand their exploration work in the contested waters.
In the latest move, an energy company controlled by Philex Mining Corp. […]

Philex Mining Corp., the majority shareholder of Forum Energy Plc exploring the Recto Bank (formerly Reed Bank) area, has expressed interest to join the next bidding for energy contracts, a company official said.
The government is evaluating proposals for the 15 oil and gas exploration areas up for bidding.
“Well, we might [bid]. It’s […]

The Philippines’ top gold and copper miner Philex Mining Corporation posted record profits in the H1 on strong metal prices and output and expects to meet production goals in the H2.
The company said that net profit more than tripled to PHP 3.22 billion from PHP 965 million in the H1 of last […]

Shares of the following companies had unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of the noon close in Manila.
The Philippine Stock Exchange Index fell 0.6 percent to 4,480.01, snapping a six-day rally.
Gold producers: Lepanto Consolidated Mining (LC) Co.’s Class B shares (LCB PM), which have no […]

MANILA, June 22 (Reuters) - Top Philippine miner Philex Mining Corp estimates its $1 billion Boyongan-Bayugo copper-gold prospect in southern Surigao province contained 5 billion pounds of copper and 9 million ounces of gold, adding that a recent acquisition may enhance the value of the project.
Philex said in a statement on Wednesday the findings were […]

abs-cbnNEWS.com
MANILA, Philippines - Philex Mining Corp. reported an 18.43% jump in the estimated value of its shipments for the first 9 months of the year, buoyed by higher metal prices and improved ore grades.
The firm shipped a total of 45,150 dry metric tons of copper concentrates worth P8.21 billion in January to September, against 50,155 […]