PMEA Blog

EDMONTON, ALBERTA, Feb 6, 2008 (Marketwire via COMTEX) — Mindoro Resources Ltd. (TSX VENTURE:MIO)(FRANKFURT:WKN 906167) is pleased to report results for a National Instrument 43-101 compliant mineral resource estimate for that part of its Kay Tanda epithermal gold-silver prospect drilled to date. To date, from 40 to 67 percent of the previously defined Exploration Target, […]

From: Maerketwire
CALGARY, ALBERTA–(Marketwire - Jan. 21, 2008) - TVI Pacific Inc. (TSX:TVI) or (the “Company”) announced today that it and its Philippine affiliate, TVI Resource Development (Phils.) Ltd. (”TVIRD”), have signed a nonbinding term sheet (the “Term Sheet”) to secure funds with LIM Asia Arbitrage Fund Inc and LIM Asia Special Situations Master Fund Limited […]

Australia-listed Lafayette Mining Ltd entered voluntary administration on Tuesday to avoid bankruptcy and give it time to obtain new capital or to sell its troubled Philippine mining business.
Lafayette was the first foreign company to operate a mine in the Philippines after a law granting full foreign ownership of local projects was upheld in 2004.
But cyanide […]

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 […]

From: Financial Times
By Roel Landingin in Manila
Australia’s Lafayette Mining, the first foreign company to open a mine in the Philippines, appointed external administrators to take control of the company yesterday, after it failed to pay off debt.
Lafayette said it had appointed Ferrier Hodgson as administrators to allow the company to explore a possible sale of […]

SYDNEY, Nov 23 (Reuters) - Australian-listed Lafayette Mining Ltd (LAF.AX: Quote, Profile, Research) said on Friday crucial financial restructuring support from a Malaysian private equity group remains a possibility, after earlier saying the plan had collapsed.
If the restructuring fails to go ahead, the directors of Lafayette, which runs a mine in the Philippines, would need […]

Nov. 23 (Bloomberg) — Lafayette Mining Ltd., an Australian company with a Philippine copper mine, said negotiations with a major potential investor to pay off debt were continuing, and the outcome was now uncertain. The shares plunged.
“The directors are of the opinion that the company continues to be a going concern,” Melbourne-based Lafayette said in […]

OceanaGold Corporation (”OceanaGold” - TSX, ASX and NZX codes “OGC”) plans significant gold production growth through new projects to add to production from its flagship Macraes Gold Mine in New Zealand. Can you explain your corporate growth strategy?
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Gold miner OceanaGold is looking for further acquisitions in Australasia, where the company believes gold projects are undervalued.
OceanaGold is using its three New Zealand gold mines - Macraes mine and the neighbouring Frasers underground mine near Dunedin, and Reefton - producing about 300,000 ounces a year as its foundation to expand in the region.
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