PMEA Blog

From: business.theage.com.au
By Ian McIlwraith
INDOPHIL Resources has added another layer to the complex battle with its largest shareholder, Lion Selection, by complaining to the Takeovers Panel.
A statement from the panel said the Melbourne-based explorer claimed some statements by Lion in response to Indophil’s $340 million share swap offer were “false and misleading, contain omissions and […]

From: www.gmanews.tv
KORONADAL CITY, Philippines - A company of soldiers has been deployed to the mines development site of Sagittarius Mines, Inc. to contain lingering security threats from the New People’s Army, a village official confirmed Thursday.
Rodelo E. Sitcharon, village chieftain of Pula Bato in Tampakan, South Cotabato told a public forum for the passage of […]

GENERAL SANTOS CITY (MindaNews/26 March) – Australian firm Indophil Resources NL has increased to 37.5 percent its stakes in a huge copper and gold venture straddling three Mindanao provinces by buying Alsons Corporation’s five percent interest in the project, officials announced today in a statement.

Alsons (C. Alcantara and Sons) will exchange its five percent interest […]

The Moro Islamic Liberation Front (MILF) denounced Saturday the ongoing mining operations in Mindanao, citing it does not bring any good to the people.
“Yes, we oppose activities of mining firms in Mindanao as it remains one of the reason why we are helping break the impasse in the ancestral domain issue in the GRP-MILF talks,” […]

PHILIPPINES - XSTRATA COPPER of Brisbane, Australia, has exercised its option to acquire 62.5% of the Tampakan copper-gold deposit in the Philippines. Xstrata and the current owner, INDOPHIL RESOURCES, also of Australia, are working together toward the management handover of the project on March 30, 2007.
The Tampakan deposit represents one of the largest undeveloped copper-gold […]

MELBOURNE: Xstrata, the world’s fourth-largest copper producer, said Thursday it would take over the biggest untapped copper and gold deposit in the Philippines, increasing the country’s chances of benefiting from its raw materials wealth.
Xstrata will exercise an option to acquire 62.5 percent of Indophil Resources’s Tampakan deposit and take over management of the project on […]

LONDON (Mineweb.com) –In yet another move by one of the top mining companies to secure resources into the future, Xstrata has exercised its option to acquire 62.5% of the huge Tampakan copper/gold project in the Philippines from Australian junior explorer Indophil Resources (ASX: IRN).
The project site is located approximately 50km north of General Santos City […]

GENERAL SANTOS CITY (MindaNews/18 Dec) — An Australian-backed huge mining venture in southwestern Mindanao has hurdled an ownership obstacle in its planned development of copper and gold deposits in the provinces of South Cotabato, Sultan Kudarat and Davao del Sur.
Gavan Collery, Indophil Resources NL corporate affairs manager, said that the Supreme Court has reaffirmed the […]

Indophil Resources NL, part-owner of the highly prospective Tampakan project in the Philippines, is well placed to take advantage of the country`s resurgent mining industry. Managing director Tony Robbins spoke to MJ Online editor Simon Jessop at his exhibitor`s booth in the Business Lounge at this year`s Mines and Money conference…Â
Q: Tony, the company […]

Perth-based engineering and development company GRD Ltd gold spinoff OceanaGold Ltd has successfully completed its merger with NSW-based Climax Mining Ltd.